Find a car review

Make
Model

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/mclaren/201626/next-mclaren-ultimate-series-car-revealed-to-be-open-top-speedster-model
McLaren

Next McLaren Ultimate Series car revealed to be open-top speedster model

16 Aug 2019
Visit/mercedes/201625/2020-mercedes-amg-e53-coupe-spied-with-mid-cycle-updates
Mercedes

2020 Mercedes-AMG E53 Coupe spied with mid-cycle updates

16 Aug 2019
Visit/ford/fiesta/st
Ford Fiesta ST hatchback

Ford Fiesta ST review

15 Aug 2019
Visit/volkswagen/golf/r
Volkswagen Golf R hatchback

New Volkswagen Golf R 2019 review

15 Aug 2019

Most Popular

Visit/news/22986/abt-audi-rs5-r-sportback-revealed-alongside-788bhp-abt-powered-boat
News

Abt Audi RS5-R Sportback revealed

Not only has the German tuner fettled the Audi RS5 Sportback, it’s also turned its attention to watercraft
9 Aug 2019
Visit/features/22971/mercedes-amg-c63-s-vs-alfa-romeo-giulia-quadrifoglio-super-saloons-go-head-to-head
Reviews

Mercedes-AMG C63 S vs Alfa Romeo Giulia Quadrifoglio - super saloons go head-to-head

We pit the Mercedes-AMG C63 S against Alfa Romeo's Giulia Quadrifoglio to find out which is best
9 Aug 2019
Visit/buying-advice/19675/used-car-deals-of-the-week
Features

Best used cars for sale this week

We’ve delved into the classifieds and chosen our favourite cars for sale this week
7 Aug 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