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bne November 2018 Companies & Markets I 21
Croatia’s Rimac to
supply EV technology
to Automobili
Pininfarina in
€80mn deal
Carmen Simion in Bucharest
Croatian technology and electric sports car company Rimac Automobili announced on September 28 it will provide battery and drivetrain expertise, software and hardware, in a contract worth up to €80mn to Germany’s Automobili Pininfarina for the development of their electric hypercar, the PF0.
Rimac’s main focus is on high-voltage battery technology, electric powertrains and the development of digital interfaces between man and machine (HMI Development). Rimac also develops and produces e-bikes under its subsidiary Greyp Bikes. In June, Porsche AG took over a 10% stake in Croatian company.
The contract with Automobili Pininfarina marks a significant step for both parties as the Munich-based company secures an innovative, successful and highly proficient technical part- ner, whilst Rimac partners with an iconic brand and secures
their first full-system series production automotive supply contract, Rimac said in a statement.
Automobili Pininfarina, owned by the Mahindra Group, was launched in April 2018 with the mission to produce luxury electric hypercars. The first Pininfarina-branded stand-alone car – codename PF0 – will be revealed in 2019.
“From the moment I met Mate [Rimac, founder and CEO of Rimac Automobili], I knew that he and his team at Rimac could provide the power we need to deliver memorable driving experiences to match the incredible design standards set by Pininfarina," commented Michael Perschke, CEO of Automobili Pininfarina, in a statement. 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.
Russian data storage law not properly implemented
IntelliNews Pro
The controversial data storage law or "Yarovaya Law" that came into effect on October 1 is not properly implement- ed by telecom and internet operators, as they are not ready with implementing the massive data storage systems, Vedomosti daily reported on October 1.
The legislation, authored by lawmaker Irina Yarovaya, requires that operators store recordings of users’ calls and online activities for six months under measures ostensibly aimed at combating extremism and terrorism.
The availability of stored data to Russian security services has raised concerns about civil liberties, came in contradiction
with EU regulations, while implementing the law risks to bur- den telecom companies with 0.5-1.0x additional leverage.
But as of October 1 2018 the operators are lacking the norma- tive base for implementing the law, which includes the charac- teristics, the certification process, and installation process of the required data storage systems, unnamed industry sources told the Vedomosti daily.
The Ministry of Communication and the Federal Security Bureau (FSB) have not yet defined the requirements for the data storage systems and access to the data storage network, the Russian Association of Electronic Communication (RAEK) confirmed.
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