Hyundai, Kia buy stake in electric supercar company Rimac

Rimac founder Mate Rimac, left, shakes hands with Hyundai's Euisun Chung after announcing a deal to produce high-performance electric vehicles.

May 15, 2019 09:28 AM

Hyundai and sister company Kia have jointly invested 80 million euros ($90 million) in the Croatian electric supercar maker Rimac Automobili. Hyundai will invest 64 million euros and Kia the remaining 16 million, the companies said in a news release.

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