Rimac Technology becomes own entity

Rimac Technology becomes own entity

The Rimac Group is now fully operational as an umbrella company that incorporates Bugatti Rimac and the new standalone Rimac Technology business.

The Rimac Group is the majority shareholder in Bugatti Rimac with a 55% stake and Porsche owning the remaining 45%. Rimac Technology – the sister company to the previously known Rimac Automobili – is set to become a completely independent company, 100% owned by Rimac Group. It will continue and expand its activities in the engineering, development, production and supply of battery systems, electric drive units, electronic systems, and user interface components, the company says.

Rimac-Technology-standalone-bugatti-1-1400
Rimac Technology says it is ramping up its production capacity and will be manufacturing tens of thousands of high-performance systems per year by 2024.

Today, Rimac Technology works with automotive manufacturers across Europe. Rimac Technology is publicly known to have worked with OEMs such as Porsche, Hyundai, Kia, Automobili Pininfarina, Koenigsegg and Aston Martin. Rimac Technology says it is ramping up its production capacity and will be manufacturing tens of thousands of high-performance systems per year by 2024 and further ramping up to volumes of hundreds of thousands with products ranging from small hybrid battery systems to full rolling chassis.

As CEO of Rimac Group, Mate Rimac will run both Bugatti Rimac and Rimac Technology. Bugatti and Rimac Automobili both continue as separate respective brands, both operating as part of Bugatti Rimac with shared R&D and other core functions while retaining existing production facilities and distribution channels. Bugatti Rimac represents the company that will develop the future of both Bugatti and Rimac vehicles, by joining resources and expertise in research and development, production, and other areas.

You May Also Like

Eaton changes name of its vehicle group & eMobility businesses

Eaton said its newly formed Mobility Group will help meet the evolving needs of both its ICE and EV customers.

eaton-emobility

Eaton created a new name for its vehicle group and eMobility businesses: Eaton’s Mobility Group. This sector represents the company’s focus on providing solutions across the propulsion spectrum and meeting the evolving needs of its customers from internal combustion to electrified or a combination of both, the company said.

New CATL LFP battery can add 248 miles of range in 10 minutes

CATL unveils Shenxing LFP battery with 4C superfast charge, 700 km range, innovative cathode, and electrolyte technologies.

CATL Fast charge
Volvo Trucks launches turnkey EV infrastructure program

The program covers charging infrastructure, hardware, software, installation, utility interactions and maintenance.

Volvo EV infrastructure
Autel Adds EV Diagnostics and Maintenance to On-Site Classes

EV training will include classroom and hands-on instruction on servicing electric vehicles’ key components.

autel-academy-ev-training
VinFast Auto and Black Spade complete business merger

Black Spade’s shareholders voted to approve the transaction on Aug. 10.

BorgWarner-Santroll-eMotor-Handshake

Other Posts

GM invests in Mitra Chem’s proprietary AI platform

General Motors invests $60 million in Mitra Chem for AI-enabled battery materials, focusing on iron-based cathodes.

gm-mitra-chem
ConMet acquires assets from Saietta Group’s Netherlands branch

This move involves the integration of intellectual property, along with the acquisition of key personnel, office space, and testing facilities, all under the new entity name — ConMet Netherlands B.V.

ConMet-acquisition-Saietta
ElectraMeccanica and Tevva announce proposed merger

The combined company will operate as Tevva, Inc.

Tevva-7.5t-Battery-Electric-Truck
Mark Wilson appointed CFO of Verge Motorcycles

Wilson joins the company with more than 20 years of automotive industry experience.

Mark-Wilson-headshot