With demand for EVs (electric vehicles) growing, Kia Motors Corp, Hyundai Motor Co and LG Chem are jointly sponsoring the “EV and Battery Challenge” (EVBC) — a global competition to identify up to 10 EV and battery start-ups for potential investment and collaboration. New Energy Nexus, the international start-up support organisation, will manage and facilitate the competition.

With the automotive industry’s increased focus on developing more eco-friendly vehicles, specifically EVs, the demand for high-performance high-efficiency batteries is greater than ever.

Kia and Hyundai have gained prominence in the global market with a comprehensive portfolio of EVs; indeed, Hyundai Motor Group is planning to offer 44 eco-friendly models by 2025, including 23 EVs.

The chosen start-ups will have the opportunity to work with Kia, Hyundai and LG Chem to develop proof-of-concept projects, while leveraging the sponsors’ technical expertise, resources and laboratories.

Start-ups that have working prototypes and are building technologies in EV charging and fleet management, power electronics and components, personalisation services and battery management, systems, materials, recycling and manufacturing are encouraged to participate. They can apply via the Web site (www.evbatterychallenge.com) up to 28 August.

Applicants that pass the first review — business feasibility and technology — will progress to virtual interviews in October. The finalists will then attend a two-day workshop at the Hyundai CRADLE Silicon Valley office in November.

Youngcho Chi, president and chief innovation officer of Hyundai Motor Group, 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 programme with LG Chem, which has world-class battery technology.”