Remove All-Electric Remove Financing Remove Market Remove Porsche
article thumbnail

Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

The Volkswagen Group’s Porsche and Croatian hyper-EV developer Rimac have agreed to set up a joint venture that incorporates Bugatti—another Volkswagen Group brand that is moving to the control of Porsche. Rimac will hold a 55% share in the Bugatti-Rimac joint venture, while Porsche will have a 45% share.

Porsche 259
article thumbnail

Group14 raises $400M in Series C; Porsche leads with $100M

Green Car Congress

To deliver to customers including Porsche subsidiary Cellforce Group, Group14 plans to break ground on its second commercial-scale battery active materials (BAM) factory in the US to stay ahead of demand from markets reliant on high-performing batteries. As a result, Porsche has decided to partner with Group14 Technologies.

Porsche 150
article thumbnail

Porsche IPO for VW Group’s EV push gains traction

Teslarati

On February 24, 2022, Porsche Automobil Holding SE (Porsche SE) and Volkswagen agreed to “further examine and generally support the feasibility” of a potential Porsche IPO. The possible IPO of Porsche AG would generate funds to help Volkswagen AG increase electric vehicle production and digitalization. . “We

Porsche 88
article thumbnail

Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram. Methodology.

article thumbnail

IONITY orders 324 350kW EV chargers from ABB for second phase of expansion

Green Car Congress

ABB has received an order for a further 324, 350 kW high-power electric vehicle (EV) chargers from IONITY. ABB was already commissioned in 2018 as technology partner to deliver 340 high-power chargers to IONITY and was the first to market in Europe with 350 kW chargers featuring liquid cooled cables.

Europe 243
article thumbnail

Bcomp closes US$35M Series B with mobility and impact venture capital

Green Car Congress

Bcomp, a leading manufacturer of high-performance components made from natural fibers, has closed its oversubscribed Series B financing round of CHF 32.4 The Volvo Cars Concept Recharge demonstrates the steps Volvo Cars intends to take in all areas of pure electric car development to reduce its cars’ and its overall carbon footprint.

Volvo 259
article thumbnail

Audi to invest ~€14B in electromobility, digitalization and autonomous driving over next 5 years

Green Car Congress

billion) in electric mobility, digitalization and autonomous driving from 2019 until the end of 2023. This planning round bears a clear signature: We are taking a very systematic approach to electric mobility and will be much more focused in future. Audi plans to spend approximately €14 billion (US$15.9 e-tron GT concept.

Audi 275