CEOs of in-house startups of Hyundai Motor take a group photo on July 21 in southern Seoul. [HYUNDAI MOTOR] Hyundai Motor has spun off three in-house startups with what it deems to be highly promising business ideas, such as EV battery recycling. They were part of Hyundai's ZERO1NE Company Builder program, that the automaker has been running since 2000, which helps its employees to establish startups beyond the automotive sector. The three startups include PIT IN, a company that offers battery subscription services for business-purpose EVs like taxis and Eva Cycle, a company that extracts black powder from used batteries.

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