Illustration: Aïda Amer/Axios

Hyundai Motor Group and battery heavyweight LG Chem are launching a global competition to find and finance battery and electric vehicle startups.

How it works: The "EV & Battery Challenge" aims to identify up to 10 startups to collaborate with and "develop proof-of-concept projects while leveraging the sponsors’ technical expertise, resources and laboratories."

  • They're targeting startups in areas including electric vehicle charging, power electronics, battery systems and materials, and recycling.
  • The nonprofit group New Energy Nexus, which works with clean energy entrepreneurs, will manage the competition.

Why it matters: Monday's announcement underscores how auto companies making big investments in electric vehicles know they need better tech and outside help to make it pay off in the increasingly competitive space.

Where it stands: Hyundai, which sells cars under its eponymous and Kia brands, and LG Chem did not say how much funding they plan to provide.

  • Hyundai plans to have 23 EVs in its lineup by 2025 and, per Reuters, LG Chem will be among the suppliers for the models.

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Why going electric makes sense for ride-hailing

Illustration: Sarah Grillo/Axios

Deploying electric vehicles instead of gasoline-powered models for services like Uber and Lyft provides outsized climate benefits compared to emissions cuts from electric vehicles for only personal use, per a peer-reviewed study in Nature Energy.

Why it matters: The analysis, based on California data, follows explosive growth in ride-hailing in recent years — and evidence that it's cannibalizing more climate-friendly mass transit.

Biden releases plan to strengthen coronavirus supply chain

Photo: Brendan Smialowski/AFP via Getty Images

Joe Biden's campaign released a three-part plan Tuesday to rebuild U.S. supply chains in the wake of the coronavirus pandemic, and it's centered around the idea that the country is more vulnerable to global disruptions in spite of President Trump's "America First" rhetoric.

Why it matters: Biden is proposing a way to make sure the U.S. doesn't rely on other countries for personal protective equipment (PPE) and other related medical supplies. That's another way of acknowledging that we're not getting over this health crisis anytime soon.

Updated 57 mins ago - Politics & Policy

The major police reforms that have been enacted since George Floyd's death

NYPD officers watch a George Floyd protest in Manhattan on June 6. Photo: Scott Heins/Getty Images

Nationwide Black Lives Matter protests sparked by George Floyd's killing have put new pressure on states and cities to scale back the force that officers can use on civilians.

Why it matters: Police reforms of this scale have not taken place in response to the Black Lives Matter movement since its inception in 2013, after George Zimmerman's acquittal for shooting Trayvon Martin, an unarmed Black teenager.