Hyperdrive
Porsche Buys Stake in Electric Ferrari Rival to Push Tech Shift
- Rimac C Two board 0-60 mph acceleration in just 1.85 seconds
- 911 maker to partner with Rimac on electric-car technology
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Porsche bought a 10 percent stake in Rimac Automobili, a Croatian maker of electric supercars and components, as the German sports car brand looks to accelerate its shift into battery-powered vehicles.
“Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for the unit of Volkswagen AG, said in a statement. “We feel that Rimac’s ideas and approaches are extremely promising, which is why we hope to enter into close collaboration with the company.”