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Porsche is seeking partners to build electric car battery factory, plans to invest $ 3.3 billion

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According to Bloomberg News, Porsche said on Wednesday that it is considering building an electric vehicle battery factory in an area close to Germany, the United States and Canada, with a power generation capacity of up to 20GWh. To this end, Porsche is negotiating with potential financial and strategic partners, and the cost of the factory is expected to be as high as 3.3 billion US dollars.

Porsche noted on Wednesday that supply chain problems would persist in the second half of the year. Currently, the company is under pressure to accelerate its electrification transformation, and the launch of several major electric vehicles, including the pure electric Macan, has had to be delayed due to software failures. Meanwhile, deliveries of the Taycan, Porsche’s only all-electric model, fell 5 percent in the first half due to parts shortages.

Porsche CEO Obermo said in this regard that since most vehicles are produced in Germany, it may be reasonable to increase battery production capacity near Germany. At the same time, the simple application process and provisions of the Inflation Cut Act made the United States increasingly attractive to Porsche.

Currently, Porsche owns Cellforce, a joint venture researching high-performance batteries, and has invested in a 1.3 GWh factory in southwestern Germany.

It was previously reported that on Wednesday night local time, Xpeng Motors and Volkswagen reached a strategic cooperation. The two parties will jointly develop two B-class pure electric models and sell them in China as the Volkswagen brand. It should be noted that Volkswagen is the parent company of Porsche, but Porsche holds the most stock in Volkswagen.

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