New Energy Nexus, the international start-up support organization, will manage and facilitate the competition.
With the automobile industry's increased focus on development of more eco-friendly vehicles, specifically EVs, the demand for high-performance, high-efficiency batteries is greater than ever before.
The chosen start-ups will have the opportunity to work hand-in-hand with
The global competition offers start-ups the opportunity to showcase their respective innovative technologies and unique business models.
Through the EVBC, the three sponsors aim to identify and secure core technology capabilities that will bring more value to their customers.
President and Chief Innovation Officer of Hyundai Motor Group Youngcho Chi said: 'We are widening our collaboration with start-ups that have promising and innovative ideas.
We look forward to working with various start-ups that will lead the global EV market and next-generation battery innovation through a joint program with
Chief Production and Procurement Officer and head of the battery research center at
We will foster potential start-ups in partnership with
Chief Energy Officer of New Energy Nexus
According to him, their joint effort to accelerate startups through the EV and Battery Challenge shows they are in it for the long game.
'We are proud to be working with such forward-thinking companies that are enabling a faster and cleaner energy transition,' Kennedy said.
© Pakistan Press International, source