" The EV joins the ICE "
VW Group’s French Hyper car brand Bugatti marries to Croatian Rimac Automobile with Porsche as middle man on behalf of VW.
Rimac Automobile as previously known to the world as a fully electric Hyper car company , converts into Rimac Group with two divisions; Bugatti-Rimac and Rimac Technology.
The Rimac technology will be 100% owned by Rimac group and will remain engaged in developing and supply of battery technology, EV drivetrains and components for automobile brands around the globe as third party . Rimac Group will develop EV technologies Not only for their own brand Hyper Cars but also for many global OEMs.
The newly launched "Bugatti-Rimac" group will handle joint venture products in shape of hybrid and fully EV range and products will be developed for both Bugatti and Rimac brand. Both brands will keep their own brand identity and will remain & operate independently as Bugatti Automobiles & Rimac Automobili , under the new group.
Bugatti and Rimac will develop a joint venture 2000HP hybrid hyper car with engine technology coming from Bugatti while Hybrid setup from Rimac. A fully electric Bugatti will arrive by 2030 as per plan .
Both Bugatti and Rimac will be manufactured at their own current facilities, will keep their existing supply and distribution channels including their own brands independent dealership networks around the world.
Porsche will retain 45% stake in the new company “Bugatti-Rimac” while Rimac Group will hold 55%. Keep in mind, Porsche already also have another 24 % in the parent company “ Rimac Group “ beside Hyundai having 12% while Mate Rimac, the 33 year old founder of the company holding 37%.
Although Bugatti moves under Rimac with an all new Hyper Car brand “ Bugatti-Rimac “ and Mate Rimac to head the new company as CEO, operational wise it seems like more of a very strong joint venture with both companies having huge interest for future upcoming product line. Don't be surprised, if you see Rimac tech in future Porsche brand vehicles.
Let’s wait and see what the world welcomes from the joint venture of the technological forces ,innovations and iconic brands.
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