Porsche reportedly wants to almost completely shut down its battery unit Cellforce. According to a media report, all that ...

According to Spiegel magazine, Porsche plans to lay off around 200 of the total 286 workers at Cellforce, reports Fenix ...

Car manufacturer Porsche is withdrawing from the production of high-performance traction batteries for vehicles.

Porsche's battery-making business will lay off most of it workforce, a union representative told AFP on Thursday, in the latest blow to Europe's efforts to muscle in on electric cars.

According to German media reports, the sports car maker has decided to largely shut down its battery-making and research ...

German sports car manufacturer Porsche is planning to largely close down its battery subsidiary Cellforce, dpa learnt on Wednesday. According to dpa information, almost 200 jobs are at stake. Unlike ...

Porsche said it will own 83.75 percent of Cellforce, compared to Customcells' 16.25 percent minority stake. Blume made it clear, however, that the project would not match the scale of Tesla's ...

Porsche decided to get into the battery production business with Custom Cells. Their joint-venture is called Cellforce Group, according to reports.

Porsche had previously acquired a 72.7% stake in Cellforce Group after it invested a double-digit million-euro sum in the company. Chief financial officer Lutz Meschke said that Porsche executives are ...

Porsche Porsche gets into battery cells, creates new Cellforce battery manufacturing company Fred Lambert | Jun 21 2021 - 8:00 am PT 0 Comments ...

Porsche’s latest step toward an EV future is investing what it says is a “high double-digit million amount” in a new company called Cellforce Group GmbH. The company is a new joint venture ...

Porsche will own 83.75% of the Cellforce Group, and invest tens of million of euros in the venture. Customcells will own the other 16.25%.