Porsche is planning to set up a high-performance battery cell factory in Germany to support the company’s shift to electric vehicles, CEO Oliver Blume told a German newspaper.
“Battery cells are a key technology for Germany’s automobile industry which we must have in our own country,” Blume told Frankfurter Allgemeine Sonntagszeitung.
Porsche wants to play a pioneering role in this, he said, confirming that the battery cell factory would be built in Tuebingen.
The announcement is set against a background that European car makers are looking to reduce their dependence on Asian manufacturers as they shift to electric cars to meet tougher environmental rules in the European Union.
Porsche revealed it will also purchase EV batteries from its parent company Volkswagen Group, which recently announced plans to build six battery cell plants across Europe by 2030. But added Blume, “There will also be a segment for high-performance battery cells. 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.”