IonQ and Hyundai Motor Company announced a partnership to develop new variational quantum eigensolver (VQE) algorithms to study lithium compounds and their chemical reactions involved in battery chemistry. The partnership pairs IonQs expertise in quantum computing and Hyundais expertise in lithium batteries. Together, the teams are creating the most advanced battery chemistry model yet developed on quantum computers, measured by the number of qubits and quantum gates. IonQ and Hyundai are laying the foundation to create better quality batteries by more precisely simulating and controlling their chemical reactions. This research has the potential to lead to new types of source material that save time, cost and effort in the years to come a critical advancement as batteries are typically the most expensive component of an electric vehicle (EV).