Hyundai, LG Chem launch global contest to scout for EV, battery startups

Hyundai, LG Chem launch global contest to scout for EV, battery startups

REUTERS/Kim Hong-Ji

South Korea’s Hyundai Motor Group and battery maker LG Chem Ltd on Monday launched a global contest to identify up to 10 electric vehicle and battery startups for potential investment and development of environment-friendly automobiles.

The companies said they aim to select startups with technological capabilities to help the development of future non-polluting cars through the competition, called ‘EV and Battery Challenge’.

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