Porsche AG has acquired a 10% minority stake in the Croatian firm that develops and produces electric vehicle components and manufactures electric sportscars, as part of its own electrification efforts.

Rimac recently revealed its latest electric hypercar, the “C Two”, a two-seater electric hypercar with 2,000 hp, an electric range of 650 km and a incomprehensible top speed of 412 km/h. It’s capable of an 80% battery charge in just 30 minutes through a 250 kW fast charging system.

Porsche’s very own electric sportscar, the Mission E, set to debut in 2020.

As Rimac specialises in engineering and manufacturing high-performance electric vehicle powertrain and battery systems, the acquisition will no doubt help the more established Porsche on its electric mobility development.

“Rimac has impressively demonstrated its credentials in the field of electromobility. We feel that Rimac’s ideas and approaches are extremely promising which is why we hope to enter into close collaboration with the company in the form of a development partnership,” said Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche, Lutz Meschke.

“This partnership now is an important step for Rimac on our way to become a component and system supplier of choice for the industry in electrification, connectivity and the exciting field of Advanced Driver Assistance Systems”, explains Rimac’s CEO, Mate Rimac.


Previous articleVolkswagen Touareg goes on sale in the UK, 3.0L V6 TDI & 8-speed auto
Next articleVolvo Cars opens its first manufacturing plant in US, assembles new S60
Pan Eu Jin
Regularly spend countless hours online looking at cars and parts I can't afford to buy. How a car makes you feel behind the wheel should be more important than the brand it represents - unless resale value is your thing.