Porsche plans EV battery cells factory in Tuebingen, Germany

Porsche AG is speeding up its e-mobility drive with plans for a German factory in Tuebingen for manufacturing battery cells for electric vehicles, its CEO informed Frankfurter Allgemeine Sonntagszeitung.

“Battery cells are a major technology for Germany’s automobile industry which we must also have in our own country,” Oliver Blume told the outlet.

“Porsche wants to play a pioneering role in this,” he said, adding that the battery cell factory would be constructed in the Swabian town of Tuebingen.

Porsche will buy EV batteries from its parent company Volkswagen which prepares to build half a dozen battery cell plants throughout Europe and expand infrastructure for charging electric vehicles worldwide.

“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.”