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Hyundai and sister company Kia Motors announced on Tuesday that they are investing €80 million (about $90 million) in Croatian electric hypercar startup Rimac.

In exchange for the investment, the Korean automakers will gain access to Rimac’s tech. They already have plans to build an electric prototype of one of Hyundai’s N brand performance cars as well as a hydrogen fuel cell vehicle by 2020.

No further details about the cars were released, and it’s unclear how big a stake Hyundai and Kia received in the Croatian company.



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Hyundai's New EV Hypercar Will Use Technology From Croation Startup Rimac

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