Hyundai and Rimac breaking up over Porsche:
article states that Hyundai will continue its own development of the former, while the latter is dead in the water. However, the same piece also quotes an official response from Rimac,"We have two active high-level projects ongoing [with Hyundai], one completed and several future projects under discussion."
Rimac's deal with Porsche also gave it a 55% stake in the newly formed Bugatti-Rimac, while Porsche took the remaining 45%. It effectively gave Rimac control over the 113-year-old company, in which futurewould run on Rimac's electric drivetrains. Porsche still retains its own 24% stake in Rimac. At this point it is still unclear whether Hyundai-Kia will sell its stake in Rimac, but if the unnamed sources in theIt could be argued that Rimac, Porsche, and Bugatti are a better fit, as the Nevera is limited to 150 units and costs $2.4 million. Even as an N performance car, Hyundai's EV would have required greater volume and demanded more mass market engineering constraints. It's quite a different beast than building a low-volume car where money is no object.
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