Hyundai and Kia have announced a new strategic investment in Qnovo, maker of a software platform that monitors battery health. The investment follows years of collaborative testing between Qnovo and Hyundai/Kia.
“By delivering a verifiable digital accounting of battery health via a scalable, hardware-free architecture, Qnovo enables automakers to maximize performance and safety in real-time, while providing the precise data needed to underwrite warranties and unlock the actual residual value of the battery throughout its lifecycle,” the company explains.
“Hyundai Motor and Kia’s investment is a testament to the strategic importance of sophisticated battery intelligence for charging and vehicle experience,” said Nadim Maluf, CEO of Qnovo. “We are creating a new standard for how batteries are managed, valued and scaled globally.”
“Partnering with Qnovo enables us to integrate battery intelligence into our EV platforms,” said Chang Hwan Kim, Executive VP of Hyundai Motor. “Qnovo’s unique approach to battery intelligence aligns with our vision for the future of mobility, where software is an important driver of the customer experience and vehicle longevity.”
Source: Qnovo
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