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Hyundai, Kia to invest $90m in Croatian EV maker


Hyundai Motor and its affiliate Kia Motors said on May 14 they will jointly invest 80 million euros ($90 million) in Croatia’s electric carmaker Rimac Automobili.

Hyundai Motor Group Executive Vice Chairman Chung Euisun signed a strategic partnership at Rimac’s headquarters in the Eastern European country to develop high-performance electric and hydrogen fuel-cell electric car prototype models by 2020, the group said in a statement.

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