Business
Qnovo Secures Strategic Investment from Hyundai Motor and Kia
Qnovo, a leader in battery software, today announced a strategic investment from Hyundai Motor Company and Kia Corporation. The investment expands collaboration between the companies and advances the deployment of Qnovo's battery intelligence software across electric mobility and future platforms.
About this update from Hyundai Motor Company
[{"type":"text","content":"MILPITAS, Calif., March 3, 2026 /PRNewswire/ -- Qnovo, a leader in battery software, today announced a strategic investment from Hyundai Motor Company and Kia Corporation. The investment expands collaboration between the companies and advances the deployment of Qnovo's battery intelligence software across electric mobility and future platforms.","length":360,"tagName":"p"},{"type":"image","alt":"Qnovo Secures Investment from Hyundai Motor and Kia","displaySize":"","headline":null,"caption":"Qnovo Secures Investment from Hyundai Motor and Kia","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":233,"url":"https://media.zenfs.com/en/prnewswire.com/cee7bc918fdd250391521d14ec0c826a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4WqzAB1onxBARee8LNE8bQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/cee7bc918fdd250391521d14ec0c826a","width":400,"height":233}},"href":"https://mma.prnewswire.com/media/2920777/Qnovo_and_Hyundai_Kia_Image_FINAL.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The global push toward electrification is experiencing unprecedented growth in batteries, driven largely by the rapid adoption of electrified vehicles and energy storage systems. According to the IEA's Global EV Outlook 2025, total battery demand across EVs and energy storage is expected to quadruple to more than 4,000 GWh (4 TWh) by 2030.i Batteries have become the workhorses of modern electrification powering electric vehicles, plug-in hybrids, grid storage, solar and wind systems, urban rail, and countless industrial and consumer applications.","length":561,"tagName":"p"},{"type":"text","content":"As adoption accelerates, challenges around battery affordability, reliability and lifecycle economics continue to constrain the pace of transition. 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.","length":472,"tagName":"p"},{"type":"text","content":"Hyundai Motor and Kia's investment marks a pivotal shift in how global automakers view battery managemen...