Automotive News Europe - January 2020 - 13
AUTOMOTIVE NEWS EUROPE
result, we created the value ourselves so
we could sell the components and knowhow to other car companies.
Do you have more electrification expertise than the global automakers?
No, we are just focused on a specific
area, which is high-performance powertrains. They have to worry about other
things. They have to worry about unions
and giving their staff work. These are different problems than the ones we have.
We are not smarter.
Could you build your own range of cars?
We don't want to go to a higher volume
with our cars for several reasons. One
of them is that we don't want to compete with our customers. As long as we
are below 100 cars a year, they don't
care. Second, I truly believe mobility
will change completely. It doesn't make
sense today to start a company to sell
mass-produced vehicles because I'm
convinced people will not own cars and
people will not drive cars in the future.
Yes, we are developing batteries and
powertrains for higher volumes, and allowing automakers to make their own
electric and hybrid cars. But we are
thinking of ways to go beyond that.
Porsche now has a 15.5 percent stake
in Rimac. It has a lot of experience of
its own in high-performance batteries
from its LMP1 racing program. What
could you offer that they didn't have?
That was a question that a lot of people
inside Porsche were asking as well. Why
do we need a little Croatian company?
We are Porsche. When they went through
the supplier quality audit, they asked: "Do
you do this? Do you do that?" I was like,
"Guys, if we had all of this, we would be
exactly the same as you. So why would
you invest in us?" A small, young company like us doesn't have all of the processes of a big car company. We are different
because we do things differently.
them, we are different. We are helping
each other. It is such a huge challenge
to transition from combustion to hybrid
and electric because there is so much to
do. They can't do it on their own. They
will take any help they can get. Also, we
are focused on pushing the limits of performance. They are a premium brand,
but they are still more focused on cost
effectiveness and other areas like that.
And what will you get from Porsche?
We hope they will help us go from being
this little company specializing in technology, prototyping and small-volume manufacturing to a serious manufacturer of
components. A Tier 1 supplier, basically.
Do you have a factory that can build
components at the volumes that
Porsche or Hyundai want?
We have that for prototypes and we are
on the brink of having it for production
It doesn't makes
sense today to start
a company to
What is the breakdown of ownership
Hyundai has 14 percent, Porsche is at
15.5 percent, Camel Group, a battery
company from China, has 19 percent.
I have 43 percent and we have other
Do you need more investors?
You always need more money.
Are you open to selling more of your
We are considering it. Maybe not to
other car companies because we have
a sufficient number of strategic relationships, so we are talking with some
financial investors at the moment. We
are quite good in terms of money right
now, but we have big plans for a big new
factory and for stuff we want to do.
When will we see the first of the two
cars from Hyundai you're working on?
Definitely in 2020.
Will they be concept vehicles or the
We are in the prototype phase. The great
thing with Hyundai is that they have a
leader, Chung Mong-koo, who makes a
decision and that is it. So, the process
is super short. We are developing and
producing prototypes to show different
stakeholders. If the feedback is positive,
then we go into production.
How did you change minds at Porsche?
They gave us a challenge at the beginning: "This is a new car that we are developing. Make it better. You have three
months." Basically, they gave us an impossible task.
Was that car the Taycan?
No. I can't say what it was. However,
we managed to surprise them with the
timing and the performance of what we
did. We are not necessarily better than
cars. But it is a huge step. I don't think
there is another company that started in
a garage and within 10 years became a
supplier to the big car companies of one
of the most important components. We
are not talking about a plastic cover or
something. We are talking about the safety critical things such as batteries and
powertrains, which have the highest value in the car, which give the car its DNA.
Companies almost always built the engines on their own. Now, with EVs, it's the
motor, inverter, gearbox and the battery.
And they give it away to a company that
didn't exist 10 years ago run by a guy
who is 31 years old. That didn't happen
before. It's a precedent.
Rimac plans to start deliveries of the
1914-hp C_Two full-electric hypercar
Will Rimac or Hyundai build the cars?
Hyundai will make the vehicle - the body,
chassis, the traditional stuff. We will make
the components. Hyundai will make the
fuel cell for the fuel cell car. We will make
the battery and powertrain for that fuel cell
car and the full-electric car. ANE
Automotive News Europe - January 2020
Table of Contents for the Digital Edition of Automotive News Europe - January 2020
Automotive News Europe - January 2020 - Intro
Automotive News Europe - January 2020 - Cover1
Automotive News Europe - January 2020 - Cover2
Automotive News Europe - January 2020 - 3
Automotive News Europe - January 2020 - Contents
Automotive News Europe - January 2020 - 5
Automotive News Europe - January 2020 - 6
Automotive News Europe - January 2020 - 7
Automotive News Europe - January 2020 - 8
Automotive News Europe - January 2020 - 9
Automotive News Europe - January 2020 - 10
Automotive News Europe - January 2020 - 11
Automotive News Europe - January 2020 - 12
Automotive News Europe - January 2020 - 13
Automotive News Europe - January 2020 - 14
Automotive News Europe - January 2020 - 15
Automotive News Europe - January 2020 - 16
Automotive News Europe - January 2020 - 17
Automotive News Europe - January 2020 - 18
Automotive News Europe - January 2020 - 19
Automotive News Europe - January 2020 - 20
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Automotive News Europe - January 2020 - 27
Automotive News Europe - January 2020 - 28
Automotive News Europe - January 2020 - 29
Automotive News Europe - January 2020 - 30
Automotive News Europe - January 2020 - 31
Automotive News Europe - January 2020 - 32
Automotive News Europe - January 2020 - 33
Automotive News Europe - January 2020 - 34
Automotive News Europe - January 2020 - Cover3
Automotive News Europe - January 2020 - Cover4