Porsche hikes stake in electric car startup Rimac Automobili

German automobile manufacturer Porsche has increased its stake in Croatian electric sports car and electromobility components startup Rimac Automobili to 15.5%. In June 2018, the German sports car maker had purchased a 10% stake in Rimac for an undisclosed amount. "We intend to intensify our collaboration in the field of battery technology," Porsche said.