In a statement announcing the investment, Hyundai said it will "leverage the partnership to build on its existing R&D capabilities to meet its electrification plan". According to Electrive, the money will be used to create a strategic partnership for the joint development of high performance battery electric and fuel cell vehicles.
Under the agreement, Hyundai Motor and its sister company Kia Motors will invest 64 million euros and 16 million euros in Rimac, respectively, to come up with prototypes of futuristic EVs and FCEVs.
Alongside producing its own models, a key part of the EV company's strategy is producing electric powertrains for global vehicle manufacturers, with firms such as Aston Martin, Koenigsegg and Pininfarina being current customers.
Founder and CEO of Rimac Automobili, Mate Rimac said: "We are very impressed by the Hyundai Motor Group's vision and prompt and decisive initiative".
The latest move with Rimac suggests Hyundai is planning both petrol and electric variants of that vehicle, which has been spotted by spy photographers under test camouflage.
The company supplies components and expertise for high-end electric powertrains while at the same time developing its own hypercar that is due to go into production in 2020. This technology powerhouse with headquarters on the outskirts of Zagreb, Croatia, employs more than 500 people today with plans for strong future growth.
Croatian company positions itself as a major supplier of electrification technology and components. The startup designs in-car digital interfaces also runs a subsidiary-focused on electrics, and develops impressive electric "hypercars". Hyundai and Kia want in on the action now.
Despite Swift slamming him on TV, their teenage years are well behind them and the exes have moved on - and are still friends. Those looking for a recap of the talk show soundbite Swift was talking about didn't need to do much digging.
The bodies of Phillips' wife, Pamela, and their neighbor, Edward Dansereau, were found in a burned up auto owned by Mrs. Family members had also offered a $100,000 reward for information leading to an arrest in the case.
One or more vessels incurred light hull damage, but what caused the damage and who was behind it remains unknown. The State Department has ordered all non-emergency U.S. government employees at the U.S.
Department of Transportation on Wednesday suspended all flights between the U.S. and the troubled South American nation. Department of Transportation issued an order Wednesday to suspend air service to and from Venezuelan airports.
Uber's new campus safety initiative is part of its effort to help students avoid fake rideshare drivers, among other things. Uber Black riders will now also be eligible for premium phone support just like Uber Rewards Diamond tier members.
Despite Graham's call for Trump to work with Democrats, Democrats in the Senate seemed skeptical of Graham's legislation. The president has scheduled an afternoon speech from the White House Rose Garden where he will make his pitch.
Despite his best efforts, Rodgers's character succumbs to the Dragon Queen's wrath and meets a violent, fiery end. In season eight's fifth episode, archers line the walls to protect the kingdom against Daenerys.
Security Council resolution that calls for a Syrian-led political transition with a cease-fire, new constitution and elections. A Kremlin spokesperson rejected the notion that Putin's schedule was an intentional "message" for the USA administration.
The phone's frame will not be made out of metal, it seems, but plastic, which will also help keep its price tag down. The pre-order page went live a couple of months ago so we're assuming a lot of people have the new Huawei phone.
In Orban's case this could mean that Hungary is going to buy USA weapons worth hundreds of millions or even billions of dollars. Many Republicans have an extremely critical view of Hungary's anti-democratic transformation since 2010, under Orban.
The injured officers were from the Westlake Police Department, Sulfur Police Department and the Calcasieu Parish Sheriff's Office. Other motorcycle escorts stopped to deal with the accident, and some of them later returned to the motorcade.
Next Nintendo Direct is about Super Mario Maker 2
Specifically, the company unveiled Nintendo Switch Game Vouchers, which are now available to all Nintendo Switch Online members. That game looks great, with new ways to make courses, and an actual story mode that would make Karl Marx turn in his grave .
Trump 2020 Supporters CRASH Green New Deal Rally
Some Trump supporters joined the protesters who booed and yelled, "You suck!" as the mayor tried to talk over the noise. Just like we've seen cities all over America pick up on our Pre-K plan, or Vision Zero, or our affordable housing plan.
Maddon reacts to Ben Zobrist's divorce news
Ben Zobrist spent less than four months with the Royals in 2015, but he and his family left an imprint on Kansas City fans. The 2016 World Series MVP is getting a divorce from his wife, Julianna Zobrist , after 14 years of marriage.