The Hyundai Motor Group joins strategic partner Rimac Automobili in a discussion on the potential of the new auto industry in Croatia.

The event, hosted by Rimac Founder and CEO Mate Rimac, was held at the Rimac headquarters on the outskirts of Zagreb with Prime Minister of the Government of the Republic of Croatia, Andrej Plenkovic, with ministers and senior government officials in attendance.

Hyundai Group's Head of Product Division, Executive Vice President Thomas Schemera, was invited to join this meaningful occasion as Rimac’s partner and shareholder, along with Lutz Mescheke, Deputy Chairman and Member of the Executive Board of Porsche AG.

"We are encouraged by the Croatian government's support for our partnership with Rimac," said Thomas Schemera. "We will further bolster our strategic partnership in developing high-performance electric vehicle and Fuel Cell Electric Vehicle (FCEV) prototypes across the Hyundai Motor Group brands."

In May, Hyundai announced an investment of €80 million (approx. $122.5 million) in Rimac aimed at leading the high-performance electrified vehicle market. Since then, the companies have been working closely together to develop prototypes for an electric version of Hyundai's N brand midship sports car and a high-performance FCEV.