Porscheis investing their shares in Group 14 Technologies, an American-based company, towards developing and producing high-performance battery cells. The company is the producer of advanced silicon-carbon technology for lithium-ion batteries.
sports carmanufacturer is leading a $400 million funding to grow EV sales. The investment makes Porsche a lead investor alongside other investors, including the OMERS Capital Marketers and the BlackRock-backed Decarbonization Partners.
Learn about Porsche's investment and its plans for electric technology with
Why is Porsche investing in Group 14 Technologies?
Group 14 Technologies offers advanced materials for lithium-silicon batteries, which have a higher performance and lasting range than lithium-ion batteries. They aim to accelerate their global production of anode material and expand their production of active battery materials by constructing another plant in the U.S.
Cellforce Groupas Porsche's stakeholder and a significant customer of Group 14, the investment is essential since the innovative battery producer elevates its batteries to transformational performance.
With the high demand in the market, the joint venture is focused on producing battery cells expected to be used in electric-powered Porsche vehicles with high performance and powertrains. It will also ensure Cellforce has access to high-quality future technology and more efficient batteries than the current ones.
Porsche's advancements for EVs and EV batteries
Most automakers opt for lithium-silicon batteries due to their high compatibility with the existing production processes. Porsche is no exception, considering its production of unique and sustainable sports cars.
Porsche only has one EV in its lineup, the
Taycan, and plans to build its charging network by 2030. Its future electric cars will be equipped with more powerful and energy-concentrated batteries, which are more efficient.
As one of the automakers working to realize their potential, Porsche is dedicated to providing racecar enthusiasts who value efficiency and sustainability with extraordinary electric vehicles with high emissions power to maintain their long racing history.
Silicon-carbon technology for lithium-silicon batteries
The innovative technology will ensure the batteries in the series production will store more energy and reduce their internal resistance to allow them to absorb more energy. The batteries will uphold characteristics including fast charging, high performance, and low weight.
The battery cell is a futuristic strategy to meet the terms of global competition for the most powerful battery cell. Cellforce Group believes that Group 14 is the potential game-changer to meet Porsche's requirements on the road to a futuristic innovation.
The batteries are well-lit, and Group 14 Technologies have given evidence with the electric vehicles and the fast charging applications. They contain a high density of gravity and volume and thus can store more energy irrespective of weight or size. Additionally, the batteries are highly durable and flexible.
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