
It arguably feels like a very long ago when Hyundai, along with corporate cousin Kia, invested in Croatian electric vehicle startup Rimac. That's probably because it was pre-pandemic.
The South Korean automakers jointly put up some $84 million to take a 12 percent stake in Rimac at the time. There were reports stating that the partnership could result in a game-changing electric sports car of the future, as well as a fuel-cell vehicle.