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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. Global automotive producers have shifted production towards CEE countries from Western Europe.

Croatia 207
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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. Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer organisation to the joint venture. —Oliver Blum. Bugatti Automobiles S.A.S.

Porsche 259
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ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

Green Car Congress

Based on these new findings, ACEA calls for an ambitious but more realistic approach to the electrification of Europe’s car fleet, just before the European Commission releases its proposal for post-2021 CO 2 targets for passenger cars and light commercial vehicles next week. ECV market share of 5 biggest EU car markets in 2016.

Greece 150
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BMW taps electric hypercar specialist Rimac for high-performance EV batteries

Baua Electric

Rimac’s tech division will supply batteries for BMW’s future electric cars. Rimac said the partnership will require them to establish sophisticated battery production lines at its campus near Zagreb, Croatia. For its next-gen models, BMW is turning to Croatian electric hypercar specialist Rimac for EV batteries.

BMW 52
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Bugatti & Rimac partners to form new venture 

Electric Vehicles India

The Rimac will be separated into a new entity called Rimac Technology for its development, production and supply of battery systems, drivetrains and other EV components and will be 100% owned by the Rimac Group. Bugatti Rimac will represent the company that will develop the future of both Bugatti and Rimac vehicles.

Croatia 104
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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. “That’s not the case in production.”

Auto 52
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Electric hypercar maker Rimac takes control of the Bugatti brand

Teslarati

Rimac may be a very young company, and it may have only produced relatively few cars, but its technology has gained ground significantly. Despite its young age, Rimac has demonstrated that it can make an impact in the high-performance car industry. . Porsche will hold a 45% stake in this new company.