Porsche advances shift into battery vehicles, buys 10% stake in Rimac
Date: 2018-06-22   Author: Dhananjay Punekar  Category: #industry

Porsche AG, a German automobile manufacturer specializing in high-performance sports vehicles, sedans, and SUVs, has claimed a 10% stake in Rimac Automobili, an electric super sports car & electric vehicle component manufacturer.

Incidentally, at the Geneva Motor Show in March this year, Rimac Automobili displayed the recent iteration of its Rimac C Two, a two-seater electric hypercar with a top speed of 256 miles/hour. The car can acquire an 80% battery charge within just thirty minutes. Rimac’s approach may have seemed promising to Porsche, leading to its decision to purchase a part of the latter, claim experts.

Bloomberg has reported that next year, Porsche is likely to commence the production of its first all-electric car model based on mission E concept car. Authentic reports state that the vehicle is being tested implying that the firm’s partnership with Rimac will include future car models.

Lutz Meschke, Member of Executive Board for Finance & IT at Porsche Cars North America, has stated that by developing the electric super sports cars such as C Two as well as core vehicle systems, Rimac has displayed its credentials in the electromobility sector. He adds that Porsche hopes to enter into a close collaboration with the company, lured by its business approach and ideas.

Reportedly, Porsche is among the many automobile manufacturers looking forward to entering the field of electric mobility. Ford, as per reports, is one of these automakers, having recently declared that it will increase funding in electrification to nearly USD 11 billion by 2022.

Sources cite that Rimac Automobili has a strong focus on electric powertrains and high voltage battery technology apart from electric sports car production. Mate Rimac, the CEO of Rimac, has described its association with Porsche as a key step for the business. He further added that it will make the firm a component & system supplier of choice for the automotive sector as far as electrification, ADAS (advanced driver assistance systems), and connectivity are concerned.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Eyewear Market to cross 1.3 billion units by 2024
Author: Rahul Varpe

Global eyewear market is segmented into Latin America, APAC, North America, MEA and Europe. North America eyewear market share was more than 31% of the global industry share in terms of revenue and size. Increase in growth of North American indust...


Waste to Energy Market to witness significant growth by 2024
Author: Rahul Sankrityayan

Increasing municipal solid waste (MSW) adoption as a fuel to generate renewable energy via thermal and biological techniques will drive industry growth. Thermal technology dominated the total share in 2015. In addition...


Itaconic Acid Market share to reach USD 290 million by 2024
Author: Rahul Sankrityayan

Rising demand for bio-based chemical intermediates for sustainable products will drive itaconic acid market growth, which offers an ideal platform. Chemicals, that can be possibly replaced by this plat...