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EC approves second major battery innovation project; €2.9B (US$3.5B) from 12 member states

Green Car Congress

The European Commission has approved , under EU State aid rules, a second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain. The project complements the first IPCEI in the battery value chain that the Commission approved in December 2019 with €3.2 billion (US$3.5

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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

Green Car Congress

Rimac Energy’s ESS is built upon a novel electrical architecture, which the company says enables significant performance, safety, and availability advantages, including up to 50% reduced energy losses and 40% smaller system footprint. All products are fully designed, developed, and produced in Europe.

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Hyundai Motor Group bolsters partnership with Rimac on high-performance EVs and fuel cell prototypes across brands

Green Car Congress

Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. Today, countries are competing in the open market, just as companies are. Earlier post.)

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Hyundai Motor Group to invest €80M in Rimac; collaborating on high-performance EV and FCEV prototypes by 2020

Green Car Congress

Under the new partnership, Hyundai Motor Company and Kia Motors Corporation will each invest €64 million and €16 million, respectively, for a total combined investment of €80 million in Rimac. Rimac is an innovative company with outstanding capabilities in high-performance electric vehicles.

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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

The joint venture will have its headquarters in Zagreb (Croatia) and is scheduled to be established in the fourth quarter of 2021. Under the umbrella of the new company, the Bugatti and Rimac brands will initially produce two hypercar models: the Bugatti Chiron and the all-electric Rimac Nevera. —Oliver Blum.

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Europe’s auto suppliers reach the end of the road – ET Auto

Baua Electric

Production of the car component at the town of Gifhorn will end in 2027 and move to Croatia, the Czech Republic and Wales to keep the costs “competitive”, according to Continental, which will cut about 7,000 jobs worldwide. Another 100 could find a home at a nearby Siemens mobility plant that supplies rail companies.

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Electric hypercar maker Rimac takes control of the Bugatti brand

Teslarati

The automotive industry just welcomed one of its first electric hypercar juggernauts, with Rimac, a Croatian electric hypercar startup, taking control of Volkswagen’s esteemed Bugatti brand. The new company would be dubbed Bugatti Rimac, and it would be headed by Mate Rimac, the 33-year-old founder of the hypercar maker. .