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Kia, Hyundai and LG Chem join hands to identify EV startups for investment

New Energy Nexus, the international startup support organisation, will manage and facilitate the competition -- 'EV & Battery Challenge (EVBC)' -- the companies said in a joint statement

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New Energy Nexus Chief Energy Officer Danny Kennedy said LG Chem and Hyundai Motor and Kia are leading the charge for better batteries and better mobility systems.

Press Trust of India New Delhi

3 min read Last Updated : Jun 23 2020 | 4:31 PM IST

South Korean automakers Hyundai Motor Company and Kia Motors Corporation, along with LG Chem on Tuesday announced a global competition to identify up to 10 electric vehicle and battery startups for potential investment and collaboration.

New Energy Nexus, the international startup support organisation, will manage and facilitate the competition -- 'EV & Battery Challenge (EVBC)' -- the companies said in a joint statement.

The chosen startups will have the opportunity to work hand-in-hand with Hyundai, Kia, and LG Chem, to develop proof-of-concept projects while leveraging the sponsors' technical expertise, resources, and laboratories, they added.

"The global competition offers startups the

Topics : Hyundai Motors Kia Motors LG Electric Vehicles Startups

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