Hyundai and Rimac join forces for electric sports cars

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Words: Nile Bijoux
15 May 2019

An electric version of Hyundai’s upcoming mid-engined sports car is likely, thanks to a new partnership between Hyundai and Rimac.

Rimac, as you probably know, is pretty good at building electric go-fast cars. Its Concept_One uses four electric motors to produce 910kW and 1600Nm, enough to send the supercar to 100km/h in 2.5 seconds.

Hyundai, on the other hand, has a shorter history of building sporty cars, its recently established N division having released the i30 N only. There will be more N cars coming, including a mid-engined sports car which, it has just been revealed, will be joined by an electric twin.

Hyundai and Rimac have shaken hands on a deal that will see the Korean (both Hyundai and sister company Kia) inject €64 million and €16 million, respectively, for a total combined investment of €80 million in Rimac.

The partnership will result in the aforementioned electric sports car, as well as a high-performance fuel cell electric vehicle.

"Rimac is an innovative company with outstanding capabilities in high performance electric vehicles,” said Euisun Chung, executive vice chairman of Hyundai Motor Group.

"Its start-up roots and abundant experience collaborating with automakers combined with technological prowess make Rimac the ideal partner for us."

“Rimac is still young and relatively small but a fast-growing company,” Rimac CEO, Mate Rimac, added. “We see a strong investor and technology partner in Hyundai Motor Group and believe this collaboration will charge our position as a Tier-1 electrification components supplier to the industry.”

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