Porsche plans to make battery cells for electric vehicles in southern Germany By Reuters

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© Reuters. 89th Geneva International Motor Show in Geneva

BERLIN (Reuters) – Volkswagen’s (DE 🙂 luxury sports car unit Porsche AG is accelerating its electric mobility push with plans for a German factory to make battery cells for electric vehicles, its chief executive told Frankfurter. Allgemeine Sonntagszeitung. European automakers, which mainly rely on battery suppliers in Asia, are seeking to reduce their dependence on abroad in light of an increase in electric car production to meet the stricter environmental standards in the European Union. “Battery cells are a key technology for the German automotive industry that we must also have in our own country,” Oliver Blume told the newspaper in an interview to be published on Sunday. “Porsche wants to play a pioneering role in this,” he said, adding that the battery cell factory would be built in the Swabian city of Tuebingen. Porsche will buy batteries for electric vehicles from its parent company Volkswagen, which plans to build half a dozen battery cell plants in Europe and expand the infrastructure for charging electric vehicles globally. “But there will also be a segment for high-performance battery cells,” Blume said. “It’s a Porsche domain. Just as we developed high-performance internal combustion engines, we now want to be at the forefront of high-performance batteries.”

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