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Porsche and Rimac to join hands for development of EV technology

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Porsche is set to buy stakes in Croatian electric hypercar maker Rimac and this joint venture is expected to be beneficial for both car makers. Buying 10% stake in Rimac will help Porsche use the electric powertrain technology of Rimac in their future models. On the other hand, it will be beneficial to Rimac as well they will be able to supply their powertrain and technological components to other companies.

Porsche and Rimac to join hands for development of EV technology

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According to Porsche board member Lutz Meschke, they have been impressed by the purely electric two-seaters super sports cars like the Concept One or C Two, as well as core vehicle systems of Rimac which contributed to their decision making of going into this collaboration. The high-voltage battery tech and EV powertrains belted out by Rimac is another lucrative deal for Porsche. With Porsche gearing up for the launch of their first EV, Taycan in 2020 this moves seems to be a thoughtful one. The car will be available in several variants and is based on a shared architecture named J1. The brand will increase its zero-emissions offerings over time, culminating in its core model, the 911, going electric.

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