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

evo is 21 and to celebrate, we're returning to 1998 prices! Subscribe now to SAVE 39% on the shop price and get evo for its original cover price of £3.00 an issue, plus get a FREE gift worth £25!

> 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/202071/renaissance-man-albert-biermann-and-how-he-transformed-hyundai
Hyundai

Renaissance man - Albert Biermann and how he transformed Hyundai

31 Dec 2019
Visit/hyundai/201990/hyundai-rm19-prototype-review
Hyundai

Hyundai RM19 prototype review

26 Nov 2019
Visit/hyundai/201977/hyundai-rm19-points-to-future-n-brand-performance-flagship
Hyundai

Hyundai RM19 points to future N brand performance flagship

21 Nov 2019
Visit/hyundai/201908/hyundai-i30-n-v-the-north-coast-500
Hyundai

Hyundai i30 N v the North Coast 500

1 Nov 2019
Advertisement

Most Popular

Visit/volkswagen/golf-gti/22866/new-volkswagen-golf-gti-leaked-ahead-of-reveal
Volkswagen Golf GTI hatchback

New Volkswagen Golf GTI leaked ahead of reveal

Following a slew of spy shots last year, a camo-free Mk8 Golf GTI surfaces online
20 Jan 2020
Visit/ford/202122/ford-focus-rs500-v-audi-rs3-new-v-used
Ford Focus RS

Ford Focus RS500 v Audi RS3 – new v used

One’s an eight-year-old Ford, the other a brand new Audi. But which of these five‑cylinder superhatches deserves your £45k?
18 Jan 2020
Visit/lotus/202124/lotuss-badge-engineered-specials-from-cortina-to-carlton-and-vx220
Lotus

Lotus's badge-engineered specials: from Cortina to Carlton and VX220

Some collaborations more secretive than others, a handful of models have received backing from Lotus over the years. We've gathered the very best
19 Jan 2020
Visit/hyundai/201819/hyundai-i30-fastback-n-versus-the-nurburgring
Hyundai i30 N

Hyundai i30 Fastback N versus the Nurburgring

We brought the Hyundai i30 Fastback back to its spiritual home in Germany's Eifel mountains, where there is a racing track you might well have heard o…
7 Oct 2019