Hyundai partners with Rimac for EV development

Rimac teams up with Hyundai and Kia to build electric sportscars

Hyundai, Kia Invest $90M In Rimac For High-Performance EVs

More immediately, the companies plan to develop prototypes of a high-performance, electric sports auto with a motor and battery mounted behind the driver for Hyundai's new N performance brand, as well as a high-performance fuel-cell vehicle.

As a result, Hyundai Motor Company and Kia Motors Corporation has chosen it to be the right partner to help them develop electric sports cars. Hyundai Motor Group on Tuesday has entered into a strategic partnership with Rimac Automobili (Rimac) to strengthen the group's efforts to lead the high-performance electrified vehicle market and enhance its status as a game changer in clean mobility. Be it about Porsche acquiring 10 per cent stake in the EV company or providing the electric powertrain for the Mahindra-owned Pininfarina's electric hypercar, the Battista.

"Its startup roots and abundant experience collaborating with automakers combined with technological prowess makes Rimac the ideal partner for us". We believe that this technology partnership will create maximum value for our companies and customers. Today that continues, with Hyundai and Kia having jointly invested €80m (€64m Hyundai, €16m Kia) into Croatian company, Rimac.

Rimac said it hopes its collaboration with Hyundai-Kia will strengthen its position as a Tier-1 electrification components supplier.

And who better to collaborate with on those projects than a firm which has a proven history of producing electrically-powered sports cars with more than 1,000hp? This technology powerhouse with headquarters on the outskirts of Zagreb, Croatia, employs more than 500 people today with plans for strong future growth. The company is vertically integrated with numerous components produced in house.

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