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EC approves second major battery innovation project; €2.9B (US$3.5B) from 12 member states

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The European Commission has approved , under EU State aid rules, a second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain. The project complements the first IPCEI in the battery value chain that the Commission approved in December 2019 with €3.2 billion (US$3.5

Batteries 482
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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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High volume ESS production shall begin in 2025 at the Rimac Campus in Croatia, scaling to more than 10GWh of annual production. The Rimac Energy product portfolio includes utility-scale ESS, commercial & industrial applications, and highly integrated battery buffered charging solutions.

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Hyundai Motor Group bolsters partnership with Rimac on high-performance EVs and fuel cell prototypes across brands

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Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. The automotive industry needs to get the same attention as soccer in Croatia. Earlier post.)

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Hyundai Motor Group to invest €80M in Rimac; collaborating on high-performance EV and FCEV prototypes by 2020

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Rimac was founded in 2009 by Mate Rimac as a garage project in Croatia with the vision to build the sports car of the 21 st century. It has since grown rapidly, with its expertise ranging from high-performance electric powertrains to various control technologies and battery systems.

Hyundai 191
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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

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Oliver Blume, CEO of Porsche, and Mate Rimac, CEO of Rimac, signed the corresponding agreements and announced the name of the new hypercar manufacturer: Bugatti-Rimac. The joint venture will have its headquarters in Zagreb (Croatia) and is scheduled to be established in the fourth quarter of 2021.

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Bugatti & Rimac partners to form new venture 

Electric Vehicles India

The Rimac will be separated into a new entity called Rimac Technology for its development, production and supply of battery systems, drivetrains and other EV components and will be 100% owned by the Rimac Group. Let us read in more detail about the Bugatti & Rimac partners for a new venture. .

Croatia 104
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ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

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The European Automobile Manufacturers’ Association (ACEA) has published new data demonstrating the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and both GDP and customer incentives. Five EU member states don’t offer any incentives at all: Croatia, Estonia, Lithuania, Malta and Poland.

Greece 150