LG Chem to invest in 5 battery startups in US, UK


0

LG Chem said Thursday it will invest a total of $2 million in five startups based in the United States and United Kingdom as part of efforts to co-develop innovative battery technologies.

The South Korean battery manufacturer selected the five startups through the Battery Challenge hosted by the company Wednesday, which brought together global startups to pitch ideas for new battery technologies. 

A startup official introduces the company’s technologies at LG Science Park in Magok, Seoul on Wednesday. (LG Chem)

A total of 129 startups from 27 countries took part in the competition. It was the first such challenge event held in the battery industry.

The participating companies presented their battery technologies related to applications of big data, artificial intelligence and machine learning. They introduced innovative battery management systems, lithium metal batteries and technologies that could help improve battery manufacturing processes, according to the company.

“For the remaining 124 startups, the company will continue paying attention to their technologies and seek partnership when needed,” it said.

By Song Su-hyun (song@heraldcorp.com)


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format