Porsche AG is adjusting its battery strategy due to slower electric vehicle adoption rates in the U.S. and China. Its subsidiary, Cellforce Group, will focus on research and development instead of large-scale battery production. Despite exceeding IPO targets with 57% of European deliveries being electrified in the first half of 2025, global figures only reached 36% due to weaker markets in China and the U.S. Staff reductions at Cellforce will be handled responsibly, with opportunities available at Volkswagen’s battery unit. Porsche remains committed to electrification, with plans for upcoming all-electric Cayenne and 718 sports car models. Stock P911.DE is trading at 46.46 euros, down 1.13 percent on XETRA.
Read more at Nasdaq: Porsche Refocuses Battery Strategy On Cell And System Development
