Porsche plans to make its own electric car battery cells—for racing

Porsche plans to make its own electric car battery cells—for racing

2019/2020 Porsche Formula E race car developmentAs the Volkswagen Group pivots to battery manufacturing, Porsche is taking on a new niche—battery cells for racing. The automaker announced Monday that it will invest a “high double-digit million amount” in a new corporate entity called Cellforce Group GmbH, which will produce high-performance battery cells as part of a joint venture between…