Hyundai Group – Hyundai and Kia – invests £70 million in Rimac and plan to develop high performance electric and hydrogen prototypes by 2020.
Everyone seems yo want a piece of electric supercar maker at the moment, with Rimac’s know-how underpinning the Pininfarina Battista, and Porsche grabbing a 10 per cent stake in the Croation EV experts.
Now it’s the turn of Hyundai (and Kia) to invest in Rimac, with Hyundai tipping in €64 million and Kia €16 million with plans to deliver electric and hydrogen performance prototype models by next year.
Having teased us with their ‘Midship’ performance Veloster on and off for a few years (the 2016 Midship is in the image above) it looks like we’re going to see further Midhsip models featuring high performance battery electric and Hydrogen Fuel cell powertrains as prototypes, but with the intent to bring them to market.
Euisun Chung, Hyundai Group Executive VP, said:
Rimac is an innovative company with outstanding capabilities in high-performance electric vehicles.
Its startup 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.
The question this doesn’t answer is whether or not this tie-up with Rimac will lead to a ‘halo’ supercar Hyundai has been threatening for a while. But even if it doesn’t, a performance EV and a performance FCEV sound rather appealing.