- Varta said last month it had won a first customer from the automotive sector, but had not revealed the company’s identity
- Porsche on Sunday said it is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times
As per a report by Reuters, Germany’s Varta AG will supply high-performance battery cells to luxury sportscar maker Porsche AG, a spokesperson for the battery maker said. It added that Varta will supply its V4Drive battery cell to the Volkswagen AG unit, said the spokesperson, who declined to be more specific. Varta said last month it had won a first customer from the automotive sector, but had not revealed the company’s identity.
Porsche is setting up a joint venture with Customcells
The news was first reported by Handelsblatt. European carmakers are trying to cut dependence on Asian cell suppliers as they roll out all-electric models to meet stricter emissions targets in the European Union.
Porsche said it is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times. Porsche said it will invest a high double-digit million euro sum in the joint venture in which it will hold 80 per cent. The production facility aims to have a capacity of 100 kilowatt hours, which will translate into about enough batteries for 1,000 cars a year.
