Porsche AG acquires stake in Group14
Porsche AG acquires stake in innovative producer of battery materials
Porsche is forging ahead with its drive to develop and manufacture high-performance battery cells: the sports car manufacturer is acquiring shares in the US company Group14 Technologies, a producer of advanced silicon-carbon technology for lithium-ion batteries.
Porsche Takes the Lead in Group14’s $400M Raise
To deliver to customers including Porsche subsidiary Cellforce Group, Group14 plans to break ground on its second commercial-scale BAM factory in the U.S. to stay ahead of demand from markets reliant on high-performing batteries.
Porsche joins $400M bet on Group14’s silicon batteries
The German automaker is upping its bet on electric vehicles, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies.
Harri Weber and Tim De Chant
