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

Green Car Congress

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

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

Green Car Congress

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. Today, countries are competing in the open market, just as companies are. Earlier post.)

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BMW taps electric hypercar specialist Rimac for high-performance EV batteries

Baua Electric

For its next-gen models, BMW is turning to Croatian electric hypercar specialist Rimac for EV batteries. Rimac’s tech division will supply batteries for BMW’s future electric cars. Rimac to supply BMW with EV batteries The collaboration is Rimac Tech’s “largest and most ambitious project” the company has undertaken.

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

Teslarati

Rimac announced that it has secured $537 million in investment via a series-D investment round, including Softbank, Goldman Sachs, and Porsche, who now owns 20% of the company. According to Mate Rimac, the company will make everything from EV battery systems and PHEV systems to rolling chassis.

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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. Another 100 could find a home at a nearby Siemens mobility plant that supplies rail companies.

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Electric hypercar maker Rimac takes control of the Bugatti brand

Teslarati

The new company would be dubbed Bugatti Rimac, and it would be headed by Mate Rimac, the 33-year-old founder of the hypercar maker. . Rimac may be a very young company, and it may have only produced relatively few cars, but its technology has gained ground significantly. Porsche will hold a 45% stake in this new company.

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American and European Standards organizations agree to strengthen transatlantic cooperation on standards for electric vehicles

Green Car Congress

Participants also recognized that governments, including the European Commission and other inter-governmental bodies, must play their part by working towards the increased harmonization of relevant laws and regulations. Safety of electric vehicle infrastructure and batteries. 29 of UN-ECE).

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