Hyundai partners with, pumps €80 million into Croatian electric hypercar maker Rimac Automobili

Hyundai Motor Group has announced a strategic partnership with, and a total investment of 80 million euros into, Croatia-based Rimac Automobili, a decade-old electric hypercar manufacturer and automotive technology developer. Under the new partnership, Hyundai Motor Company and Kia Motors will each invest €64 million and €16 million, respectively, in an effort to strengthen its […]

German automotive supplier ZF acquires 90% of computer vision tech pioneer Simi

German computer vision technology company Simi has been acquired by ZF, a Friedrichshafen-based conglomerate that supplies systems to passenger and commercial vehicle makers, among others. Simi is not exactly a startup – its founder Andreas Russ set up the company near Munich back in 1992. Russ will be retiring and leaving the company to his […]

Tech.eu presents the new autotech report, sponsored by Mondial.Tech

The transportation industry is changing rapidly around us, and we’re happy to offer our readers a front row seat to watch and make sense of the transformation. Today, on the first day of the Mondial.Tech conference, we release our latest report “The State of European Autotech.” In the report, we take an in-depth look at […]