No name brand helping Porsche build it new sports cars

AutoExec Summary
Porsche has increased its ownership of the Croatian car maker Rimac to 15.5% with a multimillion-dollar investment. Rimac specializes in high-voltage battery technology, electric powertrains, and digital interfaces. The company is expected to assist in developing future electrified models for Porsche, including the iconic 911, 718 Boxster, and Cayman. Porsche’s head of battery electric vehicles praised Rimac’s engineering knowledge and the exchange of knowledge between the two companies. Rimac has also secured deals with Aston Martin, Koenigsegg, Hyundai, and Kia for electric vehicle component supply and development assistance. This partnership could potentially help Porsche develop more affordable and efficient electric vehicles in the future.

Brands mentioned: Porsche, Rimac, Mercedes, Volkswagen, Aston Martin, Koenigsegg, Hyundai, Kia, Tesla