Hyundai Motor invests $90m in Croatian EV manufacturer Rimac

South Korean carmaker Hyundai Motor Group has invested 80 million euros (nearly $90 million) in Croatian electric vehicle firm Rimac Automobili, its existing partner providing high-performance EV technology.

The group’s Hyundai Motor Company has invested 64 million euros, while its Kia Motors unit will put in the rest, according to an official announcement.

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