Electrification | The most innovative EV companies in 2020

Steph Allen, Account Manager at FMC Global Talent.
Steph Allen, Account Manager at FMC Auto Innovation

As the world moves towards electrification, the competition for talent in the EV space is hotting up. With so many cutting-edge companies at the pinnacle of technological development, I thought I would take a look at the biggest and most innovative companies in the EV space for 2020.

Arrival

Arrival has hit the news in a big way recently with both Hyundai and Kia investing in them to the tune of $100 million. This is a hugely exciting deal that is set to rock the electrification space and has lead them to claim ‘unicorn’ status as the company is now valued at more than $1bn.

Whilst currently being used in small- and medium-sized electric vans, the key to Arrival’s path to becoming a market leader will sit with their scalable electric platform. This can be adapted to multiple types of vehicles which Hyundai and Kia are set to explore as a base for future vehicles of their own. Their ‘cutting-edge’ technology is seen as a major pull for candidates exploring electrified engineering options.

Avid Technology

Founded in 2004, Avid have always been ahead of the curve when it comes to electrification and are now reaping the rewards including a £7m investment in 2019. They have worked on many exciting projects from developing a state-of-the-art powertrain for the Ecotricity Nemesis Supercar in 2010 (which went on to break the UK EV landspeed record) to announcing an R&D project with Jaguar Land Rover in 2018.

Byton

We are hearing more and more noise about Byton as they shift away from partnering with external suppliers and seek to develop more differentiating technology in-house. Established in 2017, Byton are a relatively ‘new’ company but are certainly well established when it comes to reputation.

In September 2019 they revealed the M-Byte which will go on sale in 2020. Boasting an immersive ‘digital lounge’ with 48-inch screen and a battery range of 550km, Byton have hit the right balance of both style and substance.

As they head towards going fully in-house with their technologies it will be interesting to see just how loud the noise about Byton gets. We’re expecting a lot of candidates wanting to explore the next step of their career with them!

Fisker Inc.

In a previous iteration of the company, Fisker were initially known for producing one of the world’s first production luxury plug-in hybrid vehicles, the Fisker Karma. Launching in 2016 as Fisker Inc. they are now developing a range of all-electric vehicles with market-leading ranges. Their flagship, mass-market model the Fisker Ocean is set to arrive in 2022 and is an all-electric, zero-emissions vehicle made from recycled materials throughout. No wonder they’ve dubbed it the ‘world’s greenest car’!

As well as developing their range of EVs Fisker have also filed patents around solid-state battery technology for use in a variety of industries and are expecting these to be produced on a mass scale by 2023.

Their mission is to ‘provide the world’s most sustainable vehicles’ and the company’s focus on being a market leader in the sustainable EV space makes them a company that many people want to work for.

Lucid Motors

Set to reveal what they are calling the ‘world’s most advanced’ electric sedan in April 2020, one of the most high-end companies in the electrification space are Lucid Motors. Whilst many details around their Lucid Air EV are being kept secret until the reveal, it boasts 400 miles of range and a 0-60 acceleration in 2.5 seconds. Great if you’re in the market for an EV that also provides performance and a touch of luxury!

As for what makes them popular with candidates… they are regularly cited as having a ‘world class’ team who are passionate about Lucid Motors’ vision and that everyone within in the team has a real impact. There’s little wonder people are keen to be part of it.

Rivian

In our opinion, Rivian continue to be Tesla’s biggest threat. They are constantly innovating to keep themselves at the very pinnacle of the market. With novel battery cooling technology, carbon fibre wheel inserts that act as range extenders and a battery pack that is one of the world’s largest, Rivian have USPs that their competitors do not have. They’re also being heavily invested in, receiving a $1.3bn investment into their electric truck venture to directly rival Tesla.

There’s no real wonder that out of all the electric vehicle manufacturers Rivian are the one we are continuously asked about. They’re exciting – and not to mention seriously cool – and that’s exciting for talent who want to work for them!

FMC Auto Innovation

We are a team who specialize in finding the talent that’s driving innovation (and electrification!) in some of the world’s most exciting automotive organisations.

If you’re looking to grow your team this year, or you’re looking for your next career move please get in touch on stephanie.allen@fmctalent.com to see how we could help you.