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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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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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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. The automotive industry needs to get the same attention as soccer in Croatia. Earlier post.)

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Electric hypercar maker Rimac takes control of the Bugatti brand

Teslarati

The automotive industry just welcomed one of its first electric hypercar juggernauts, with Rimac, a Croatian electric hypercar startup, taking control of Volkswagen’s esteemed Bugatti brand. Bugatti’s production would still be in France, though its research unit would be moving to Rimac’s Croatia headquarters.

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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. 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.

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Pre-series-production eActros 300 Tractor drives 3,000 km from Germany to Turkey for testing

Green Car Congress

The eActros 300 Tractor for distribution haulage has covered around 3,000 kilometers from the Mercedes-Benz Wörth plant to Aksaray in Turkey, where the road endurance and reliability testing of the electric truck will be taking place. Test engineers chose a route across Austria, Slovenia, Croatia, Serbia and Bulgaria for the trip.

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