Rimac to supply batteries for next generation of electric BMWs

Rimac will provide batteries for the next generation of BMW's electric cars, it has been confirmed.

The Croatian EV specialist's engineering division, Rimac Technology, has inked a supply deal with BMW that heralds "the largest and most ambitious project the company has undertaken to date".

No financial terms of the deal have been disclosed and neither firm has given any indication of the volumes in which Rimac will supply batteries.

However, Rimac said the deal requires it to equip its battery factory with new "sophisticated automated production lines".

"A significant portion" of the Rimac Campus near Zagreb will be dedicated to developing and supplying BMW's new battery packs, "underlining the company's commitment" to its partnership with BMW.

The two companies have promised to give further details of the tie-up "at a later stage".

Rimac founder and CEO Mate Rimac said: "My business journey began with a 1984 BMW 3 Series that I converted into an electric car in my garage at the age of 20, so it’s a perfect piece of symmetry to partner with the BMW Group today.