BMW Group, Rimac Technology form partnership for high-voltage battery technology for BEVs
The two partners will release more details about what form the strategic tie-up will take, as well as its scope and content, at a later stage.
The BMW Group and Zagreb, Croatia-based Rimac Technology, officially announced a long-term partnership, to co-develop and co-produce innovative solutions in the field of high-voltage battery technology for selected battery-electric vehicles.
The respective strengths and expertise of the two companies complement each other in a productive way. The BMW Group’s electrification strategy is aimed at building further on its leading position in the premium electric mobility sector. Even before we reach 2030, battery-electric vehicles will account for over half of global vehicle sales. The BMW Group brings battery and electric drive system expertise amassed over more than 15 years to the partnership, the press release noted.
As an integral part of the Rimac Group, Rimac Technology stands out as a Tier 1 supplier specialising in electrification in the automotive sector. Its portfolio consists of high-voltage battery packs, e-axles, as well as electronics and software solutions. Rimac Technology products are designed, engineered and produced in-house to offer advanced technology with a high degree of customisation.
The long-term partnership with the BMW Group is a sign of the Rimac Technology transition from niche high-performance solutions supplier to high-volume Tier 1 supplier.
The two partners will release more details about what form the strategic tie-up will take, as well as its scope and content, at a later stage.
In a separate development, the BMW Group is preparing the debut of the sixth generation of BMW eDrive technology, which will work on customer attributes such as range and charging time.
RELATED ARTICLES
Dr. Lakshmi Venu Appointed as Vice Chairman of TAFE
Tractors and Farm Equipment Limited (TAFE) has named Dr. Lakshmi Venu as its Vice Chairman. With experience in farm mech...
RKFL to Raise Steel Casting Capacity to 120,000 tonne
Chaitanya Jalan, the third generation in the family, is driving ambitious growth and innovation plans of Kolkata headqua...
Škoda Auto Volkswagen India Rolls Out 500,000th Engine from Chakan Plant
This achievement underscores the company's commitment to India's 'Make in India' initiative, company management said.