
Volkswagen’s luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday.
The partnership with Customcells, a company in southern Germany specializing in lithium-ion cells, will aim to produce car batteries with higher energy density than prototypes used in Porsche’s current electric cars, the company said in a statement, Reuters reported.
European carmakers are pushing to reduce their dependence on Asia for batteries as they roll out all-electric models to meet stricter emissions targets in the European Union.
In addition to cutting charging time, improving energy density will mean reducing the amount of raw material needed in batteries to achieve the same range. It will also cut battery production costs, making electric cars more affordable.
Porsche said it will invest a high double-digit million euro sum in the joint venture in which it will hold 80%.
The production facility aims to have a capacity of 100 kilowatt hours, which will translate into about enough batteries for 1,000 cars a year.
Porsche Chief Executive Oliver Blume said in April the company wanted to speed up its e-mobility drive with plans for a German factory in Tuebingen to manufacture battery cells. At that time he did not say if Porsche would seek a joint venture partner.
Customcells is based in Tuebingen.
Porsche’s parent company Volkswagen has said it plans to build half a dozen battery cell plants across Europe and expand infrastructure for charging electric vehicles globally.
9 comments
203848 20377That is the very first time I frequented your web page and thus far? I surprised with the analysis you made to make this actual submit incredible. 625155
31596 4846I only wish that I had the ability to convey what I wanted to say in the manner that you have presented this data. Thanks. 988549
Wonderful goods from you, man. I’ve understand your stuff previous
to and you’re just extremely great. I actually like what you’ve acquired here, certainly
like what you are stating and the way in which you say
it. You make it entertaining and you still take care of to keep it sensible.
I can’t wait to read far more from you. This is really a tremendous site.
Hi there everyone, it’s my first pay a visit at this web page, and post
is truly fruitful for me, keep up posting such posts.
Good day! I could have sworn I’ve visited this web site before but
after looking at some of the posts I realized it’s new to me.
Nonetheless, I’m definitely happy I discovered it and I’ll be book-marking it and checking back often!
Every weekend i used to pay a quick visit this website, because i wish for enjoyment, since this this
website conations truly nice funny data too.
Fantastic beat ! I wish to apprentice while
you amend your web site, how could i subscribe for a blog
website? The account aided me a acceptable deal. I had been a little
bit acquainted of this your broadcast offered bright clear concept
Howdy! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to
get my blog to rank for some targeted keywords but I’m not seeing very good gains.
If you know of any please share. Appreciate it!
Very nice article, totally what I wanted to find.