Porsche now owns almost a quarter of EV car maker Rimac

Porsche has contributed an extra €70 million ($83.3 million) in Rimac, boosting its stake in the hypercar producer and EV part provider from 15 to 24 percent, Rimac has reported. Porsche joins Hyundai as a significant financial backer in Rimac, after the Korean automaker as of late put in €80 million ($95 million). Why all … Read more