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Porsche Raises Stake In Croatia’s Rimac Automobili To 24%

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German sports car manufacturer Porsche increased its stake in Croatian electric vehicle developer and producer Rimac Automobili to 24% from 15.5% after investing an additional 70 million euro ($83.2 million), Rimac said on Monday.

“We’re proud to work together on new exciting and electrified products and of the fact that Porsche’s trust in Rimac resulted in several rounds of investment, making Porsche an important shareholder of the company,” Mate Rimac, founder and CEO of Rimac Automobili, said in the statement.

Porsche purchased a 10% stake in Rimac in 2018 and increased it to 15.5% in 2019.

“Rimac is excellently positioned in prototype solutions and small series. Mate Rimac and his team are important partners, especially when it comes to supporting us in the development of components,” said Lutz Meschke, deputy chairman of the executive board and member of the executive board for finance and IT at Porsche.

Besides Porsche, shareholders in Rimac are China’s Camel Group with 14%, Hyundai Motor with 11% and Kia with 2.7%.

Headquartered in Sveta Nedelja, near Zagreb, Rimac manufactures electric hypercars and provides technology solutions to global automotive manufacturers. The company employs nearly 1,000 people.

The company plans to present its latest C_Two all-electric hypercar model later this year, according to the statement.

source: seenews, photo: Rimac Automobili

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