Porsche to Start In-House Battery Production... Establishes Joint Venture with German Battery Company

Porsche AG has established a joint venture, Cellforce Group, with Customcell, a German lithium-ion battery specialist, to directly produce high-performance batteries for electric vehicles (EVs).

Photo by Porsche Korea

[Asia Economy Reporter Ki-min Lee] Porsche AG announced on the 22nd that it has established a joint venture, Cellforce Group, with German lithium-ion battery specialist Customcell to directly produce high-performance batteries for electric vehicles (EVs).

Porsche, which will hold an 83.75% stake in Cellforce Group, plans to invest tens of millions of dollars to expand its leadership in electrification.

T?bingen, Germany, where Cellforce Group will be established, is close to Porsche AG's headquarters in Stuttgart-Zuffenhausen and the research and development center in Weissach, and is also a final candidate location for the battery factory.

The German federal government and the state of Baden-W?rttemberg will also invest approximately 60 million euros (80.91 billion KRW) in the project.

Porsche explained that the new high-performance battery cells will use silicon anode materials, significantly increasing power density compared to currently used batteries. This will enhance energy absorption during regenerative braking and provide improved fast-charging performance.

Global chemical company BASF has also been selected as a development partner for next-generation lithium-ion battery cells. Starting next year, BASF plans to produce battery materials at its anode raw material production facility in Harjavalta, Finland, and its cathode material production facility in Schwarzheide, Brandenburg, Germany.

Oliver Blume, Chairman of the Board of Porsche AG, said, "Battery cells are like the combustion chamber of future mobility. Porsche's new subsidiary, Cellforce Group, will play a crucial role in the research, development, production, and sales of high-performance battery cells."

He also emphasized, "Cellforce Group will contribute to creating the future of true sports cars by combining Porsche's unique driving experience and sustainability based on global competitiveness in developing the most powerful battery cells."

Torge Toennesen, Co-CEO of Customcell, said, "We established Customcell with the goal of developing the most demanding custom battery cells, and now we can realize this goal together with Porsche." He added, "We aim to produce cells with a minimum annual capacity of 100 MWh, which is equivalent to the high-performance battery capacity used in 1,000 vehicles."

This content was produced with the assistance of AI translation services.