Bugatti Rimac sees antiquity and the new branches of Hypercar join forces

Electrical Performance Automobile Company Rimac is taking control of Bugatti, with a new Hypercar Bugatti Rimac company that is eliminated for the legendary brand. Porsche will maintain a minority participation in the new joint venture, while the Drivetrain division and the Rimac EV battery will be carried out in an independent business that works with other automakers.

In fact, the new structure is becoming quite complicated, given the existing property structure of Rimac. Porsche already had a minority participation in Rimac, in fact, along with Hyundai and other investors.

The new Rimac group will be 37 percent owned by the Mate Rimac founder, 24 percent by Porsche and 12 percent by Hyundai; The remaining 27 percent will be owned by other investors. The Rimac group, in turn, has 100 percent of RIMAC technology, the transmission and battery division of the new independent and battery. That will be free to develop and associate with the performance of electrical technology for other automakers, as well as Bugatti and Rimac. Meanwhile, the Rimac Group will also have 55 percent of the new Bugatti Rimac company, with Porsche having the other 45 percent of the joint venture.

Bugatti Rimac will consist of two separate and respective brands: Bugatti, with its production continuing in Molsheim, France; and Rimac, with its current installation on the outskirts of Zagreb, Croatia. They will operate independently, but “on time,” the car manufacturers say, the global headquarters of Bugatti Rimac will be placed on the Rimac campus that will also serve as the home of RIMAC technology.

Before that it can happen, however, the campus really needs to be built. It is expected that happening in 2023, at which time the installation of 100,000 square meters will be home to research and development for future Rimac and Bugatti models.

It is a big step for Bugatti, although the rumors of a jolt have been circulating for some time. Currently owned by the Volkswagen Group, the shares of Bugatti will be transferred to Porsche and then the joint company with RIMAC. The agreement is expected to be closed in P4 2021, assuming antitrust and regulatory approval.

“Bugatti is a strong contributor to Bugatti Rimac, bringing all his know-how in manufacturing and craftsmanship, carbon fiber and other light materials, the production of the small series, as well as a single and experienced network of dealership partners World, “Car Manufacturers said today in a statement. “Rimac Automobili, on the other hand, has been established as a pioneer of the industry in electrical technologies, as well as a technology provider as a Supercar manufacturer with the recent launch of the new Rimac Refrigerator ”.

It is likely that none of the automakers see a huge uptick in production numbers, although the shared technology base could accelerate things like the first EV of Bugatti. The automaker is known for its high-engine hypercars, such as Chiron, although executives in the firm have been talking about electrification for some time now. RIMAC technology, including high performance batteries and electric motors, could be instrumental in the delivery of not only the speed that Bugatti buyers would expect, but the flexibility of the load and the range that the automaker has said are the main concerns before EV space. .