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

Green Car Congress

The project, called “European Battery Innovation” (EuBatIn) was jointly prepared and notified by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden. In 2018, the Commission adopted the Strategic Action Plan for Batteries and has promoted a wide range of initiatives as part of the plan.

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Rimac launches new autonomous level 4 electric car brand Verne

Baua Electric

Mate Rimac, founder of Rimac, launched a new level 4 autonomous electric car brand called Verne and coming to market in 2026. Rimac is best known for its electric hypercar, the Nevera, and for its surprising takeover of Bugatti through its partnership with Porsche. The company claims to already have deals with 11 cities.

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

Baua Electric

For its next-gen models, BMW is turning to Croatian electric hypercar specialist Rimac for EV batteries. Rimac’s tech division will supply batteries for BMW’s future electric cars. Rimac to supply BMW with EV batteries The collaboration is Rimac Tech’s “largest and most ambitious project” the company has undertaken.

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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. .

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Rimac secures $537m in new investment round with Goldman Sachs, Softbank

Teslarati

Rimac announced that it has secured $537 million in investment via a series-D investment round, including Softbank, Goldman Sachs, and Porsche, who now owns 20% of the company. According to Mate Rimac, the company will make everything from EV battery systems and PHEV systems to rolling chassis.

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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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