Chinese investment is slowly but surely finding its way into Croatia, after news that a Chinese company has bid for the construction of the Pelješac Bridge comes investment into the Croatian car industry. The Chinese Camel Group has confirmed an investment of 30 million Euros in the Croatian electric car manufacturer Rimac Automobili.
Earlier this year in April, Camel Group signed an agreement on investing $27 million in Rimac Automobili and $3 million in Rimac’s Greyp Bikes. The Group opted for the Croatian company due to the Rimac technology which is ‘’at the top of the world level’’ and now has confirmed the investment.
The Chinese $4 billion corporation headquartered in Shenzhen is an integrated high-tech enterprise specialized for developing, manufacturing and sales of batteries in China, Europe, the United States, Africa, and Southeast Asia.
The company produces almost 400 types of batteries that are used in automobiles, agricultural vehicles, ships, trucks, golf carts, electric cars, electric motors, electric bicycles, and for various special purposes.
The Goldman Sachs Group estimates that by 2025, the market for electric batteries will be worth more than $40 billion and it will be dominated by Chinese companies, obviously with a little help from one Croatian company.