Porsche has made no secret of the fact that it wants to make high performance electric sports car. The company has already detailed a concept that it’s working on and just recently, it teased its electric Mission E sports car. To further highlight its commitment to the cause, Porsche has announced that it’s teaming up with Rimac, a manufacturer of electric supercars. Porsche now has a minority stake of 10 percent in the company.

Porsche has said that the purpose of this investment is a development partnership with the young company. Rimac produces components for electric cars as well as electric supercars.

Rimac recently showcased the latest version of its electric hypercar, the “C Two,” at the Geneva Motor Show in March 2018. The car produces close to 2,000 hp with a top speed of 412 kilometers per hour.

With a range of 650 kilometres, the car is capable of achieving an 80 percent battery charge in 30 minutes with its 250 kW fast charging system. The company also manufactures high-performance electric vehicle powertrain systems and battery systems which will certainly help Porsche as it looks to develop its own lineup of high performance electric sports cars.

Lutz Meschke, Porsche Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT, said that Porsche hopes to “enter into close collaboration with the company in the form of a development partnership.”

Filed in Transportation. Read more about . Source: newsroom.porsche