News

INVESTMENT IN RIMAC AUTOMOBILI

Hyundai Motor Company and Kia Motors Corporation have jointly invested €80 million in Rimac Automobili – the Croatian high-performance electric vehicle technology and sportscar company. The companies have announced a strategic partnership to collaborate on the development of high-performance electric vehicles.

With the new collaboration, Hyundai Motor Group aims to speed up its transition towards Clean Mobility and position itself as a global leader in driving this change in the industry. Hyundai Motor Company along with Kia Motors Corporation also invested €5 million in a Clean Mobility company established by the founders of Rimac Automobili.

Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp.

Rimac Automobili was founded in 2009 by Mate Rimac (then 21 y/o). Today, Rimac develops and manufactures key electrification systems for many global automotive companies, and at the same time, raises the bar for performance EVs with their own electric hypercars.