Porsche Setting Up Battery JV With Customcells For An EV Future

Porsche parent, Volkswagen has broader plans of building 6 battery cell plants across Europe and expand its infrastructure for the charging.

By Sahil Gupta

1 mins read

Published on June 20, 2021

Highlights

The battery facility will have 100 kWh capacity for 1000 cars a year
It will be jointly held by Porsche and Customcells, with 80% with Porsche
The focus is on battery density to reduce over costs and mining

Porsche has made waves around the world with its Taycan and Taycan Cross Turismo EVs which have been dubbed as the most driver-centric EVs in the world, more so than even Tesla's groundbreaking vehicles. To further an electrified future, like all things Volkswagen group, it is forming a joint venture with Customcells that will create high-performance batteries that will significantly reduce charge times. Like Porsche, Customcells is also a German company hailing from the Southern German region specialising in lithium-ion batteries aiming to create packs that have higher energy density than what Porsche is already using in cars like the Taycan. More importantly, it is part of a broadened push towards enhancing the battery supply chain in Europe which is currently dominated by Asia. The Volkswagen group has been making huge investments in this space as the EU has stricter emissions norms which means European manufacturers have to go green faster than automakers around the world. The Porsche Taycan and Taycan Cross Turismo models have been critically acclaimed One of the keys to achieving better battery efficacy is enhancing the energy density which in turn results in less raw material being used. It will also cut battery production costs and help make electric cars more affordable. As a part of the JV, Porsche doesn't disclose its investment but does say it is a number upwards of 10 million Euros and it holds an 80 per cent stake in the venture. The production facility in the equation will have an aim to deliver 100 kWh of capacity which could service about 1000 cars per year. This is a tie in from what Porsche chief executive officer Oliver Blume said in April which was indicative of the legendary German sports cars marquee ramping up its e-mobility plans for a German factory in Tuebingen for battery production. It so happens this JV with Customcells is based in Tuebingen. Porsche parent, Volkswagen has even broader plans of building 6 battery cell plants across Europe and expand its infrastructure for the charging of electric vehicles.