Porsche investment in Group14: new material for batteries

Taycan Sportlimousine

With new battery materials, Porsche could increase the charging range and speed of its car batteries.

Stuttgart, Dusseldorf For new high-performance batteries, Porsche is again allowed to go its own way in the Volkswagen Group with a lot of money: First, in 2021, the Zuffenhausen-based company announced that it would build a cell factory itself high performance battery. Then the venture capital spin-off Porsche Ventures took a stake in the cooperation partner and battery specialist Customcells. Now the sports car maker is getting new, more powerful cellular technology for the new plant through a direct investment.

The Zuffenhausen-based company has taken a stake in the American company Group14 Technologies, a manufacturer of silicon-carbon technology for lithium-ion batteries based in Woodinville (Washington, USA), for around 100 million US dollars.

The subject of batteries, underestimated by the German automotive industry for many years, is now at the top of the management’s agenda. “The battery cell is the combustion chamber of the future,” Porsche CEO Oliver Blume recently explained. Going forward, it won’t be displacement and horsepower that will determine success, but rather battery performance. And this is where the sports subsidiary of VW wants to stand out from the automotive competition in the electric age.

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