Hyundai will invest 80 million to develop new electric and hydrogen prototypes with Rimac

The industrial group Hyundai Motor and Rimac Automobili (Rimac) have announced a strategic alliance aimed at leading the market for high performance electrified vehicles, electric and hydrogen fuel cells, as a fundamental step towards a "Clean Mobility".

As a result of this partnership, Hyundai Motor Company and Kia Motors Corporation will invest 64 million euros and 16 million euros respectively, for a total investment of 80 million euros in Rimac. Both companies will work in close collaboration to develop electric prototypes of the Hyundai Motor N-line sports concept car and a high-performance fuel cell electric vehicle with the intention of bringing them to the market in the future.

According to Euisun Chung, executive vice president of the Hyundai Group, "Rimac is an innovative company with great capabilities in terms of high performance electric vehicles. They have great experience when working with different brands, with which they become the ideal partner for us ».

Meanwhile, the founder and CEO of Rimac Automobili, Mate Rimac, said that "this collaboration will be very valuable for our companies and their customers. Rimac is still young and relatively small, but we grow fast. We see Hyundai as a strong investor and a strong technology partner, so we believe that this collaboration will drive us to be the largest supplier of electrical components in the industry. "

Rimac was founded in 2009 by Mate Rimac in Croatia with the vision to build the 21st century sports car. Since then, it has quickly become a technological power, whose experience ranges from high-performance electric motors to control technologies and battery systems.

Hyundai Motor Group will take advantage of this partnership to take advantage of its R & D capabilities and thus fulfill its electrification plan, consisting of 44 ecological models for the year 2025. For its part, the N line, dedicated to high performance vehicles, has already presented high-performance models such as the i30N and Veloster N since its launch in 2015. (tagsToTranslate) hyundai (t) rimac (t) prototype (t) car (t) electric

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