Latest news with #RimacGroup
Malaysian Reserve
4 days ago
- Automotive
- Malaysian Reserve
Rimac's slow-selling Nevera R is the world's fastest production EV
A Rimac Nevera R reached 268.2 mph at the Automotive Testing Papenburg facility last week in Germany, a feat the Croatian hypercar maker is calling a world record for the top speed of an electric vehicle. 'Breaking records is in our DNA, and we won't stop here,' Mate Rimac, founder and president of Rimac Group, and chief executive officer of Bugatti Rimac and Rimac Technology, said in a press statement. The 'R' stands for radical, relentless and rebellious, Rimac said when he introduced the €2.3 million ($2.7 million) electric hypercar during Monterey Car Week last year. But in the elite echelons of extreme speed, many records come down to technicalities and semantics. Rimac's mark beat the Nevera R's previous top speed of 256 mph, but it did not surpass the 273 mph achieved by an Aspark Owl SP600 in 2024, which earned Guinness World Records certification as 'the fastest battery-powered electric prototype hypercar in the world.' The 'prototype' distinction is important: 40 units of the Nevera R will be produced, with customer deliveries beginning later this year, while the Aspark Owl SP600 used for the top-speed run was a prototype. 'We believe that's a meaningful distinction for customers: You're not just buying a one-off prototype, but a record-breaking car you can actually drive on the road,' says Marta Longin, a Rimac spokesperson. Representatives for Aspark did not respond to a request for comment. Rimac used a high-precision data acquisition system from Dewesoft to measure the run. Officials from Guinness World Records were not on-site, Longin says, citing its laborious certification structure. 'It requires unusual event formats like simultaneous runs with over 10 competitive cars, which is more relevant to consumer stunts and show events,' she says. Rimac used Guinness to certify its 171-mph top speed in reverse record in 2023. The Nevera R's new top speed is one of 24 benchmarks set by the 2,107-horsepower car July 5-8. Among them was an improved zero-60 mph sprint time of 1.66 seconds, beating the Nevera's previous 1.74-second sprint time and a zero-400-zero kmh (zero-249-zero mph) time of 25.79 seconds—a full 2.04 seconds quicker than the 27.83 seconds achieved by the Koenigsegg Jesko Absolut in 2024. Cars powered by internal combustion still have the upper hand in speed runs. In 2019, a Bugatti Chiron Super Sport 300+ hit 304 mph; Koenigsegg and SSC Tuatara both make gasoline-powered cars with higher top speeds than the Nevera. The news comes as Rimac is facing continued disappointing sales of its electric hypercar, which has caused tension among its investors. Porsche owns around 20% of Rimac Group, which in turn owns 55% of Bugatti Rimac and all of the battery maker Rimac Technology. (Rimac Group's other investors include Hyundai Motor, Goldman Sachs Asset Management and Softbank Vision Fund 2.) The German automaker has been unhappy with the partnership because of poor Nevera sales and Bugatti Rimac revenue that plunged 46% last year to €182 million, according to Porsche's annual report. Rimac Group has explored buying Porsche's stake in Bugatti Rimac, valuing the business at more than €1 billion, according to Bloomberg reporting. In May 2024, Mate Rimac said just 50 out of a planned total of 150 Neveras had been delivered (Longin declined to comment on a more recent tally for this story); later that summer, in an interview with Bloomberg, he credited the low demand to buyers' appetite for combustion-powered supercars. The company has since announced pivots to its hypercar plan, saying it will make a two-seat autonomous taxi and noting it's not forever married to electric-only propulsion. 'We are thinking of whatever exciting technology is out there, whatever ideas we can come up with,' Rimac said. 'Not just batteries—we are looking to all kinds of stuff for the future of the brand.' –BLOOMBERG
Bloomberg
4 days ago
- Automotive
- Bloomberg
Rimac's Slow-Selling Nevera R Is the World's Fastest Production EV
A Rimac Nevera R reached 268.2 mph at the Automotive Testing Papenburg facility last week in Germany, a feat the Croatian hypercar maker is calling a world record for the top speed of an electric vehicle. 'Breaking records is in our DNA, and we won't stop here,' Mate Rimac, founder and president of Rimac Group, and chief executive officer of Bugatti Rimac and Rimac Technology, said in a press statement. The 'R' stands for radical, relentless and rebellious, Rimac said when he introduced the €2.3 million ($2.7 million) electric hypercar during Monterey Car Week last year.
Miami Herald
5 days ago
- Automotive
- Miami Herald
Rimac Nevera R Steals Back Impossible Koenigsegg Speed Record
Rimac has set multiple new performance records with its Nevera R electric hypercar, adding another chapter to the speed war between Rimac and Koenigsegg. An even more potent version of the normal Nevera (which itself set a string of speed records back in 2023), the new Nevera R has retaken the crown for the challenging 0-400-0 km/h run from Koenigsegg - that's zero to 249 mph and back to zero again. The Nevera R's new time is 25.79 seconds, 2.04 seconds quicker than the Koenigsegg Jesko Absolut managed last year. Of course, that's not all the Nevera R managed to achieve, as it toppled many of the normal Nevera's accomplishments. It takes a few minutes to fully digest the scope of the Nevera R's achievements, as the numbers seem scarcely believable. We'll start with the new 0-60 mph time, as that's the easiest reference point most of us have to a normal car. These days, anything under three seconds is enough to rearrange the contents of your stomach. Well, the Nevera R accomplished the run in just 1.66 seconds, beating the normal Nevera's 1.74-second time. As the speeds rose, the Nevera R continued to thrive. The 0-100 mph sprint took 2.96 seconds, the quarter-mile took 7.9 seconds, and the 0-200 mph run took 9.25 seconds. A top speed of 268.2 mph adds to the list of staggering achievements; this was a new record for EVs, which are at a distinct disadvantage at very high speeds. "When we first introduced Nevera it almost seemed like the pinnacle of hypercar performance had been reached," said Mate Rimac, founder and president of the Rimac Group. "In a single generation, we had created a performance jump that previously would have taken decades. But now, through relentless innovation, Nevera R goes even faster, while still maintaining much of the comfort and practicality that makes the Nevera a real, usable daily car. Breaking records is in our DNA, and we won't stop here." Producing 2,078 horsepower from four electric motors, the Nevera R is one of the most powerful cars on earth. Combined with optimized aerodynamics and less weight, it's little wonder that it has achieved a brace of new speed records. Being able to beat the Jesko Absolut in the 0-279-0 mph run is especially noteworthy, but let's not discount Koenigsegg's staggering achievements with the Jesko Absolut, the king of gas-powered hypercars. Running on E85 gas, the Jesko's 5.0-liter twin-turbo V8 (with the world's lightest V8 crankshaft) produces 1,600 hp. It has an ultra-low drag coefficient of 0.278 Cd and the Light Speed Transmission can execute incredibly fast shifts. That the Jesko gets so close to the electric Nevera R should not be underestimated. It remains to be seen if Koenigsegg can possibly engineer its car to a point that it can steal back the 0-279-0 record from Rimac, but that's a tall order the Jesko Absolut, a car that already pushes the limits of what's possible with internal combustion. Related: Top 12 fastest cars 0-60 in the world 2024-2025 Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Auto Blog
07-06-2025
- Automotive
- Auto Blog
Mate Rimac Plans BMW E30 V10 Restomod, But Not Anytime Soon
It all started with an E30 BMW, and now the electric entrepreneur wants to shove a gas V10 into it. Electric Hypercar CEO Still Has a Soft Spot for the E30 Mate Rimac's path to fame and electric hypercardom started as a teenager racing an E30 BMW 3 Series, and it's been quite the story to follow. His Concept One electric supercar first put him into the international spotlight, and the current-day Nevera hypercar has set many records in its wake. But his love for the E30 has remained strong, and his ultimate E30 restomod isn't an electric one, but a V10-powered beast. All Roads Lead To E30 When the engine of the E30 BMW he raced blew up, he converted the gas powertrain to an electric one in 2008 when he was barely 20 years old. He founded the Rimac Group, and now he's also the CEO of Bugatti Rimac. His meteoric rise to stardom makes him one of the preeminent people in the automotive industry at only 37 years of age. Yet, it seems, his love affair with the E30 has not dimmed one bit. Why Rimac's Personal E30 M3 Is Too Rare to Modify Mate owns a 1990 E30 M3 Evolution III, one of only 600 cars made, and one of the rarest and most special E30s ever, right up there with the highly collectible M30-powered South African 333i, of which only a little over 200 were ever made. The Rimac boss is unlikely to molest his pristine M3, so his V10 engine will likely be shoved into a dedicated project car. He's been tight-lipped about exactly what engine the V10 will be, though. Surely the high-revving S85B50 found in the E60 M5 and E63 M6 will satisfy the requirements for a lightweight NA V10, while keeping it all nicely BMW in the process? We can't be sure, but it would make the most sense. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Rimac Says Restomod Will Have to Wait While the internet is getting all riled up about Mate Rimac's V10 E30, let us remind you that it's just an idea in his mind right now. He is preoccupied with running his automotive empire and possibly expanding into robotaxis, so there's hardly a spare minute to spend on painstakingly constructing an epic BMW restomod. He sees it as little more than a retirement project at the moment, so we might be in for a long wait. About the Author Cobus F. Potgieter View Profile
Bloomberg
02-04-2025
- Automotive
- Bloomberg
Rimac Mulls Buying Porsche's Stake in Hypercar Joint Venture Bugatti
Croatian sports-carmaker Rimac Group is interested in buying out Porsche AG 's stake in their joint venture Bugatti Rimac, according to people familiar with the matter. Closely held Rimac recently made a preliminary offer for Porsche's 45% stake in the joint venture, said the people, who asked not to be identified as the information is private. Rimac could team up with other investors, the people said.
