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It is reported that South Korean carmakers Hyundai and Kia have invested 80 million euros in RImac, one of the most extreme electric sports car manufacturers in the world, to jointly develop new electric vehicle technology and electric sports cars. Rimac currently has investments from Porsche and China Camel Group, with Porsche accounting for 10% and Camel Group for 19%.

Rimac is an electric car company founded in 2009 by Mate Rimac. It started from a broken car factory and gradually became a world-renowned supplier of electric vehicle technology and research and development. In 2017, it also developed its own electric vehicle and released two electric supercar concept cars.

Hyundai Motor Group, which owns Hyundai and Kia, hopes to invest in this investment to launch some highly sporty electric vehicles and fuel cell vehicles. And through this opportunity to become a first-class supplier of electrified parts in the automotive industry.

Euisun Chung, executive vice chairman of Hyundai Motor Group, said: "Rimac is an innovative company with outstanding capabilities in high-performance electric vehicles. Rimac's foundation, coupled with the rich experience and technical strength of automobile manufacturers, will also become our ideal partner. And look forward to cooperation with Rimac on environmentally friendly transportation roads. "

The first batch of high-performance electric cars will be released in 2020.

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