Hyundai and Rimac team up to develop electric performance cars

Cornelia Mascio
Mag 16, 2019

Hyundai will invest 64 million euros and Kia the remaining 16 million, the companies said in a news release.

The Hyundai Motor Group has invested heavily in hydrogen fuel-cell technology alongside its full-electric development plans, believing that the technology can be a viable alternative to pure EVs for low carbon-emission vehicles. This after Porsche purchased a 10 per cent stake in the company previous year, too.

Hyundai plans to offer 44 electrified models by 2025, targeting annual sales of about 1.67 million units. "We look forward to collaborating with Rimac on our road to Clean Mobility".

Executive Vice Chairman Euisun Chung added, "Its startup roots and abundant experience collaborating with automakers combined with technological prowess makes Rimac the ideal partner for us". We believe that this technology partnership will create maximum value for our companies and customers.

More immediately, the companies plan to develop prototypes of a high-performance, electric sports auto with a motor and battery mounted behind the driver for Hyundai's new N performance brand, as well as a high-performance fuel-cell vehicle.

While Hyundai gets a couple cars out of the deal, Rimac also benefits by being able to tap into the scale and manufacturing power of the Korean manufacturer, which will grow the small company even further. The company continues to deliver EV technology supporting many industry partners, including Hyundai Motor Group, to accelerate their way towards an electric future.

Now one of the world's largest auto groups has gotten involved and is seeking Rimac's expertise in developing more efficient and powerful electric powertrains. With about 250,000 employees worldwide, the group's automobile brands include Hyundai Motor Co. and Kia Motors Corp.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE