Hyundai announces £69.5m partnership with Rimac to develop new mid-engined electric sports car

Two new flagship models are to arrive by 2020 thanks to the new partnership with Rimac

Korean automotive giants Hyundai and Kia have announced a joint £69.5m investment in Croatian electric supercar company Rimac. The collaboration will focus on a strategic partnership in the development of two high-performance electric vehicles that will top their contemporary ranges.

The first of these two models will be an electric version of Hyundai’s incoming mid-engined sports car, which Hyundai says will be revealed before the end of 2020. This electric sports car will be based on Hyundai’s mid-engined petrol model that will form a performance flagship for the Hyundai N brand, one previewed by the RM.16 concept that was revealed in 2017 and has since been spotted testing on the Nürburgring. Whether this model will also share that concept’s first generation Veloster-derived bodywork is less certain.  

Subscribe to evo magazine

If you're passionate about the world's greatest performance cars, experience the thrill of driving with evo magazine. Try your first 5 issues for £5.

> Click here for our review of the Hyundai i30 N 

The second incoming model is more futuristic, and will be in the form of a new high-performance hydrogen fuel-cell vehicle, following on from Hyundai’s previous ix35 Fuel Cell, and more recent Nexo hydrogen-powered SUVs. This is all ambitious stuff for a manufacturer that has only recently become a serious player in the performance car market.

Advertisement
Advertisement - Article continues below

Both Korean manufacturers have pledged investments (Hyundai £55m and Kia £14m) to collaborate on these new models, using Rimac’s unique knowledge of high-performance electric components and development to accelerate both their product development towards a more sustainable product plan.

From Rimac’s perspective, the scale and manufacturing power of the Korean giants will bolster its own growth, and by creating yet another established partner within the wider industry, should only strengthen the EV specialist.

Further details about these new performance models remain tantalisingly thin, but without the  baggage associated with traditional performance brands such as BMW M or AMG, Hyundai and Kia don’t appear to be holding back their ambitions to become leaders in electric performance car development, and it looks like it might happen sooner than we expected. 

Advertisement

Recommended

Visit/hyundai/201719/hyundai-veloster-n-etcr-revealed-as-new-electric-race-car-in-frankfurt
Hyundai

Hyundai reveals new electric race car in Frankfurt

10 Sep 2019
Visit/hyundai/201632/hyundai-rm19-sports-car-prototype-spotted-testing-at-the-ring
Hyundai

Hyundai RM19 sports car prototype spotted testing at the ‘Ring

19 Aug 2019
Advertisement

Most Popular

Visit/porsche/cayman-gt4/201845/porsche-unveils-limited-run-718-cayman-gt4-sports-cup-edition
Porsche Cayman GT4 coupe

Porsche unveils limited-run 718 Cayman GT4 Sports Cup Edition

Special marks the 15th anniversary of ‘Porsche Sports Cup Germany’ race series
14 Oct 2019
Visit/porsche/porsche-taycan/201843/porsche-taycan-4s-revealed-with-up-to-563bhp
Porsche Taycan

Porsche Taycan 4S revealed with up to 563bhp

The mid-range Porsche Taycan 4S expands the brand’s all-electric saloon line-up
14 Oct 2019
Visit/bmw/201850/bmw-design-and-the-sorry-slide-from-quiet-confidence-to-muddled-mediocrity
BMW

'The sorry slide from quiet confidence to muddled mediocrity'

It's contagious. And when you catch it, it's game over. Suddenly you've no idea what's right and good any more
15 Oct 2019
Visit/features/22907/hyundai-i30-fastback-n-versus-the-col-de-turini
Hyundai i30 N hatchback

Hyundai i30 Fastback N versus the Col de Turini

We take the Hyundai i30 Fastback N up the Col de Turini, a 31km stage of the Monte Carlo World Rally Championship
19 Jul 2019