Hyundai Motor Company and Kia Motors Corporation are investing €80m in Rimac Automobili, a Croatian electric vehicle and sports car company. Hyundai and Kia are working to develop high-performance electric vehicles, and the three companies will collaborate on the development of the electric version of Hyundai Motor’s N sports car and high-performance cell electric vehicle. Rimac Automobili was founded in 2009 and today employs more than 500 people.
