Rimac Technology Now Independent Entity Within Rimac Group

Rimac Technology Now Independent Entity Within Rimac Group

The new umbrella company incorporates Bugatti Rimac and the new standalone Rimac Technology business, the company says.

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 high-performance battery systems, electric drive units, electronic systems, and user interface components that Rimac is known for, having established a reputation as a leading provider of advanced performance electrification technologies. 

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

SKF Aims to Eliminate Greenhouse Gas Emissions 

SKF joined and co-funded Mission 0 to help deliver solutions to eliminate GHG emissions in materials, production and end-of-life of passenger cars.

SKF Aims to Eliminate Greenhouse Gas Emissions 

SKF announced it has joined and co-funded Mission 0 to help develop groundbreaking technologies and deliver solutions to eliminate greenhouse gas (GHG) emissions in materials, production and end-of-life of passenger cars. In an initial pilot project, SKF said it will collaborate with academia and industry experts in a research arena to solve GHG emissions in materials and processes that require new knowledge or disruptive technologies.

Polestar Performance SUVs on Display in New York

The Polestar 3 and Polestar 4 will be showcased at the NY International Auto Show for the first time.

Polestar Performance SUVs on Display in New York
Corteco Strengthens Expansion in Southeast Europe

Freudenberg Sealing Technologies’ aftermarket unit opens a warehouse in Turkey and a sales office in Serbia.

Corteco Strengthens Ambitions in Southeast Europe
Marelli Presents New Interior Innovation Center

The location is implementing three key initiatives inspired by the theme, “What’s next? Innovation for the new era.” 

Marelli presents its new Interior Innovation Center
Analysis: Post-Covid Years for Expats, Int’l. Business Travelers

Allen Koski discusses how artificial intelligence is affecting global healthcare trends, among other topics.

Analysis: Post-Covid Years for Expats, Int'l. Business Travelers

Other Posts

Yokohama to Build New Tire Plant in Mexico

The facility is set to begin production in early 2027, with a planned annual output of 5 million tires. 

Yokohama Tire Plant Mexico
Gogoro Partners with Copec on Battery Swapping

Copec is developing a Latin American network of battery-swapping stations for launch at its service stations.

Hyundai Motor, Iveco Group Partner on Electric H-D Trucks

They signed a Letter of Intent on March 14, reinforcing their partnership on electric heavy-duty truck solutions in European markets.

Hyundai Motor, Iveco Group Partner on Electric H-D Trucks
ADS-TEC Energy Announces New Board Appointment

Newly appointed Dr. Andreas Fabritius has served as a partner at global law firm Freshfields Bruckhaus Deringer for the past 30 years.

ADS-TEC Energy Announces New Board Appointment