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Hyundai and Kia invest 80 million in Croatian electric car company Rimac Facebook

Hyundai and Kia invest 80 million in Croatian electric car company

By  May 14, 2019

The Croatian electric car company, Rimac, has signed a deal with Hyundai and Kia which will see around 80 million Euros jointly invested into the company. Rimac is certainly one of the bright stars of Croatian business and this latest investment will take the company to another level.

The cooperation agreement was signed at the headquarters of Rimac Automobili in Sveta Nedelja, just west of Zagreb, on Monday by the founder of Rimac Automobili, Mate Rimac, and the executive vice-chairman of Hyundai Motor Group, Euisun Chung, commented HINA. And it is believed the deal will see Hyundai invest 64 million and Kia 16 million.

"With the new collaboration underway, 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," the statement from Rimac added.

Rimac will work on developing an electric version of the Hyundai N sports car, as well as a high-performance electric fuel cell.
"Its start-up 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," commented Chung.

The Voice of Dubrovnik


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