The Italian Automobili Pininfarina electric car company has announced extensive cooperation with Croatia's Rimac Automobili as their leading technical partner for the production of the first electric hypercar, valued at €80 million.

“Rimac is to provide battery and drivetrain expertise, software, and hardware, in a contract worth up to €80 million, to Automobili Pininfarina in the development of their electric hypercar, the PF0,” Rimac Automobili’s said on Friday.

The car that will be built in cooperation with Rimac, is the first Pininfarina signature vehicle, and will be revealed in 2019, the announcement said.

Rimac noted that “the contract marks a significant step for both parties, as Automobili Pininfarina secures an innovative, successful and highly proficient technical partner, whilst Rimac partners with an iconic brand and secures their first full-system series production automotive supply contract.”

“Combining Rimac values – technology, innovation and performance, with the heritage, history and Italian design of Automobili Pininfarina makes a perfect synergy for an exciting new hypercar – the PF0. This partnership is a big milestone for both companies and we are looking forward to bringing this incredible machine to life together,” founder and CEO of Rimac, Mate Rimac said.

“This collaboration brings together the future of electric performance with the heritage of Pininfarina’s legendary automotive styling capabilities to deliver a truly beautiful hypercar,” Michael Perschke, CEO of Automobili Pininfarina said.

Rimac is recognised as a small-volume high-performance vehicle manufacturer. However, their extensive know-how in high-performance electric vehicle development, positions them as a key technology supplier to many industry partners including Porsche, Aston Martin, Koenigsegg, Renault, CUPRA, and now, Automobili Pininfarina, the announcement said.

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