The BMW Group and Rimac Technology, have announced a new, long-term, partnership. Together, the OEMs will co-develop and co-produce high-voltage battery technologies for select EVs.

Throughout their collaboration, the companies will utilize their mutual strengths and experiences. At the same time, the partnership will strengthen the BMW Group’s electrification strategy, through which it is aiming to become a leader in the premium electric mobility sector.

Operating as part of the Rimac Group, Rimac Technology specializes in vehicle electrification. Its portfolio consists of high-voltage battery packs and e-axles, as well as electronics and software solutions. The company’s products are designed, engineered and produced in-house to offer advanced technology that can easily be customized. For Rimac Technology, the partnership represents a key step in achieving its goal to transition from being a high-performance solutions supplier, to a high-volume Tier 1 supplier.

The two partners confirmed that they will release more details on what form the strategic tie-up will take, as well as its scope and content, at a later stage.