| Porsche to set up joint venture with German battery maker
Porsche is setting up a joint venture with Tuebingen based Customcells to produce high-performance batteries that will significantly reduce charging times.  Quote: |
The partnership with Customcells, a company in southern Germany specialising 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.
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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.
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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.
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Read more: https://www.reuters.com/business/aut...er-2021-06-20/ | 
21st June 2021, 13:36
