Remove Battery Remove Croatia Remove Industry Remove Market
article thumbnail

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

Green Car Congress

Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. High volume ESS production shall begin in 2025 at the Rimac Campus in Croatia, scaling to more than 10GWh of annual production. All products are fully designed, developed, and produced in Europe.

article thumbnail

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

Batteries 482
article thumbnail

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.)

Croatia 207
article thumbnail

Diesel new vehicle market share in Europe in February dropped to 39.5%; SUVs still driving growth

Green Car Congress

The market share of diesel vehicles fell to 39.5% compared to the same month last year, meaning SUVs accounted for 33% of the total market in February. However, the performances of these markets offset volume declines in 13 other European markets. MPVs saw market share decline by 2.1

SUV 186
article thumbnail

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

Green Car Congress

Hyundai Motor Group and Rimac Automobili (Rimac) announced a strategic partnership aimed to strengthen the Group’s efforts to lead the high-performance electrified vehicle market and enhance its status as a game changer in Clean Mobility. Rimac is an innovative company with outstanding capabilities in high-performance electric vehicles.

Hyundai 191
article thumbnail

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.

Auto 52
article thumbnail

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

Green Car Congress

The joint venture will have its headquarters in Zagreb (Croatia) and is scheduled to be established in the fourth quarter of 2021. 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.

Porsche 259