Hyundai teams up with Rimac to develop high performance electric N models and Clean Mobility
Hyundai will also leverage off Rimac’s electric know-how to develop 44 environmentally friendly vehicles before 2025.
Hyundai and Kia will invest EUR 64 million and EUR 16 million in Rimac, to help develop the new electric products.
If you’re unfamiliar with Rimac, they’re a Croatian electric car company created in a Croation garage back in 2009, by a chap called Mate Rimac. They make their own car called the Rimac Concept One, and now they’ve created the 1900hp – yes, really – Rimac Concept 2 which is said to be the fastest electric car in the world.
Rimac now has around 500 employees and is based just outside the Croatian capital of Zagreb and the company’s expertise lies around high performance electric drivetrains, control technologies and power systems.
“Rimac is an innovative company with outstanding capabilities in high-performance electric vehicles,” said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group.
“Its startup roots and abundant experience collaborating with automakers combined with technological prowess makes Rimac the ideal partner for us.
“We look forward to collaborating with Rimac on our road to Clean Mobility.”
“We are very impressed by Hyundai Motor Group’s vision as well as prompt and decisive initiative,” said Mate Rimac, Founder and CEO of Rimac Automobili.
“We want to build high-performance vehicles that are not only fast and powerful but also meet the highest expectations of our customers as the car of their dreams,” added Thomas Schemera, Executive Vice President and Head of Hyundai Motor Group’s Product Division.
“Our goal is to popularize electric vehicles and to create social value through world-class technology and innovation in performance.”