 "The Rs 100-billion wager")
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
