BMW Group will rely on Rimac for the supply of batteries for its next-generation electric vehicles under a new partnership announced on Tuesday.
Full details will be announced at a later date, but the two companies in a joint statement said the long-term partnership will see Rimac deliver high-voltage batteries to BMW Group for EVs starting from the second half of the decade.
The timing points to the batteries likely ending up in BMW’s upcoming Neue Klasse range of EVs, though the batteries may also be for models from fellow BMW Group brands Rolls-Royce and Mini.
The deal is a major coup for Rimac which until now has only been supplying technology for niche applications, including its own line of electric hypercars. Rimac, whose founder Mate Rimac started the company almost two decades ago by converting a 1984 BMW 3-Series into an EV, is establishing new production lines for the batteries. The company …