Porsche AG sets up joint venture with Customcells for producing high performance batteries

In a statement, Volkswagen’s sports car unit Porsche AG said it is setting up a joint venture with Customcells to produce high-performance batteries which purportedly will significantly decrease battery charging times. The statement mentions that the partnership with Customcells, a company which specializes in producing lithium-ion cells, is aimed at producing car batteries with higher energy…

Bugatti and Rimac Automobili are good technology fit: Porsche AG’s CEO

In a development that further fuels speculation of an impending deal between Volkswagen’s supercar brand Bugatti and electric hypercar maker Rimac Automobili, Porsche AG’s CEO told German weekly Automobilwoche that both companies make a good technological fit. Last year, British automotive magazine Car had reported that VW was on the brink of selling Bugatti to…