The Croatian manufacturer Rimac Automobili has stepped into a joint venture with the 112-year-old Bugatti acquiring 55% of the joint venture. This joint-venture is being called Bugatti Rimac.
What happens when you combine a renowned French supercar manufacturer, a German automotive engineering powerhouse, and a Croatian electric-vehicle pioneer? That is not the start of a Car Talk joke; it is the very real subject being debated in the car industry now that Rimac Automobili, an EV upstart just out of its teens, has purchased a controlling stake in the 112-year-old Bugatti.
How will the Bugatti Rimac be Operating?
Bugatti Rimac will be the name of the new company. “Bugatti and Rimac will both continue as separate brands,” according to a news release, but the firms will “merge resources and experience in research and development, production, and other areas,” according to the statement. Bugatti has been creating masterpieces since the 1930s, including the Type 57SC Atlantic and the EB110. While the thought of an electric car maker born in the 21st-century, exactly 100 years after Bugatti, taking over the marque may give some automobile fans pause.
Rimac’s Latest Masterpiece
Rimac’s USD 2.4 million electric hypercar, the Nevera, epitomizes this approach. Once called the C Two, the Nevera’s moniker belies its performance, which includes a top speed of 258mph and a 0-60mph time of 1.85-seconds. According to The Verge, this acceleration would easily exceed Tesla and the former record-holder Bugatti. The combination of Tesla’s electric vehicle expertise with the French brand’s hypercar, the Chiron Super Sport, which has 1,600hp and reaches speeds of 273mph, might result in a new automotive behemoth.
Things to Know About the Rimac
What’s crucial about Rimac, launched in 2009 by Mate Rimac, isn’t its headline-grabbing one-percenter vehicle. The Verge reports that the company has quietly become a crucial supplier to household names like Porsche, Hyundai, and Bugatti, offering revolutionary automobile components.
‘This is a genuinely wonderful time in Rimac Automobili’s brief, but fast increasing history’, stated Mate Rimac. ‘In such a short period of time, we’ve been through a lot, but this new enterprise takes things to a whole new level. When it comes to our respective strengths, Rimac and Bugatti are a wonderful match. A youthful, innovative, and fast-paced automotive technology company, we’ve established ourselves as an industry leader in electric technologies’.
Future Plans of the Rimac
These newly born technologies will be held under a different firm, Rimac Technology, which is being used by automakers outside of the scope of the Three Musketeers. The 16-cylinder gas guzzlers will continue to be produced by Bugatti, and Rimac will begin to dominate the high-end EV market in the near future. After that, we expect to see hybrid Bugattis, and by the end of the decade, we’ll see a totally electric Bugatti.
Croatia may become a new automotive powerhouse in the near future, thanks to a USD 236.5-million Rimac facility now under construction housing both Rimac Technology and Bugatti Rimac in its native country with an opening date scheduled for 2023. Well, if you are someone who is eager to see this on Indian roads, you would definitely be disappointed. ,Electric vehicle price in India is highly competitive so it’s unlikely that any electric car of this calibre would even consider entering the Indian market anytime soon.
Months of speculation led to the announcement in July. Despite selling multi-million-dollar supercars, Bugatti has struggled to earn a profit, according to The New York Times, Volkswagen has been looking for a means to shift the duty to someone else since it bought and restored the insolvent brand in 1998. Croatian manufacturer Rimac will own 55 per cent of the new joint venture, while the Volkswagen subsidiary Porsche will own 45 per cent of the new joint enterprise. ,Shiftup.club always states that more and more automobile manufacturers will not only enter the EV market but a significant share of their sales are going to be from EVs. Thus there is a huge surge in the number of electric cars from city commuters to record-breaking performance cars.