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Europe’s auto suppliers reach the end of the road – ET Auto

Baua Electric

Production of the car component at the town of Gifhorn will end in 2027 and move to Croatia, the Czech Republic and Wales to keep the costs “competitive”, according to Continental, which will cut about 7,000 jobs worldwide.

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BMW, Croatia’s Rimac partner on high-voltage EV battery technology – ET Auto

Baua Electric

BMW and Croatia’s Rimac have agreed to partner on high-voltage electric vehicle battery technology , they said on Tuesday, a European tie-up aimed at challenging Asian dominance in the field. The German carmaker hit an all-electric sales share of 15% last year and has said it expects that figure to reach 50% well before 2030.

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Rimac secures $537m in new investment round with Goldman Sachs, Softbank

Teslarati

While not being used for the Rimac Auto brand, this round of investment was intended to fund the Rimac Technology brand, a company that will be an EV and PHEV parts supplier to other brands. What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com.