- Rimac Group
Rimac Initiative: New Auto Industry as the Direction of Strategic Development of Croatia
June 28, Sveta Nedjelja – Rimac Automobili and the representatives of the Government of the Republic of Croatia met for a discussion about the potential of the new auto industry development in Croatia.
Founder and CEO, Mr. Mate Rimac, hosted Mr. Andrej Plenković, Prime Minister of the Government of the Republic of Croatia, ministers and senior government officials in Rimac Automobili headquarters on the outskirts of Zagreb. On this occasion, Mr. Thomas Schemera, Executive Vice President of Product Division, Hyundai Motor Group and Mr. Lutz Meschke, Deputy Chairman & Member of the Executive Board, Porsche AG, joined the discussion as Rimac’s shareholders, to support the initiative.
This was the first time Prime Minister Plenković visited Rimac Automobili in a workshop to discuss the opportunities for development of the new auto industry in Croatia.
If the car industry was a country, it would be the 4th largest economy in the world. Accounting for USD 4.060 bn in 2017, it sits just above Germany in the global ranking. Global vehicle production and miles driven have been rising constantly in the past and are forecasted to keep growing. Each of the top 8 OEMs has greater revenues than Croatia’s GDP. Furthermore, the automotive supplier industry is of global significance, and in 2015 just the automotive supply industry was USD 2.000 bn and accounted for USD 147 bn total investment while employing 5 mil people.
The automotive industry is currently undergoing major changes – in particular moving to electrified, connected and autonomous vehicles. These disruptive trends are rapidly changing the industry, offering new opportunities. Major automotive manufacturers and suppliers have increased their spending on R&D significantly over the last 10 years. Furthermore, global automotive producers have shifted their production towards CEE countries from Western Europe. The automotive suppliers have followed, aggressively investing in CEE countries, opening production plants, innovation and R&D centers. This shift has happened in two major waves of investment, over the last 20 years, and the question is – could Croatia be the destination for the next wave of investment in the new auto industry?
Rimac Automobili findings based on an in-depth study of the future industry development, current industry experience and network show that Croatia could enjoy great benefits, as have many CEE countries so far.
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About Rimac Group
The Rimac Group, led by CEO Mate Rimac, is majority shareholder of Bugatti Rimac and the sole stakeholder of Rimac Technology. The Group brings together the most advanced hypercars in the world with a globally renowned team developing high performance electrification, autonomous and software solutions for the world’s largest OEMs. Rimac is based on the outskirts of Zagreb, Croatia, with locations around Europe, and currently employs more than 2,000 people. From 2023, the Rimac Group will be headquartered at a new state-of-the-art 200,000 m2 Rimac Campus, large enough to accommodate over 2,500 people.