Porsche plans EV battery cell plant in southern Germany

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BERLIN (Reuters) – Volkswagen’s luxury sports car unit Porsche AG is stepping up its electric mobility campaign with plans for a German factory to manufacture battery cells for electric vehicles, its chief executive told Frankfurter Allgemeine Sonntagszeitung.

European automakers, which rely mainly on battery suppliers in Asia, are seeking to reduce their dependence on overseas in light of a surge in electric car production in order to meet stricter environmental rules in the European Union.

“Battery cells are a key technology for the German auto industry that we also need to have in our own country,” Oliver Blume told the newspaper in an interview due Sunday.

“Porsche wants to play a pioneering role in this area,” he said, adding that the battery cell plant would be built in the Swabian city of Tuebingen.

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Porsche will buy EV batteries from its parent company Volkswagen, which plans to build half a dozen battery cell factories across Europe and expand the infrastructure for charging electric vehicles globally.

“But there will also be a segment for high performance battery cells,” Blume said. “This is a Porsche business. Just as we have developed high performance internal combustion engines, we now want to be at the forefront of high performance batteries.”

(Reporting by Michael Nienaber; Editing by Mike Harrison)

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