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Porsche to invest more than $7.4B in electromobility by 2022

Green Car Congress

Porsche will invest more than €6 billion (US$7.4 Plans for derivatives of the Mission E are also under way: last week at the Geneva show, Porsche presented a production-ready concept study of the Mission E Cross Turismo. —Oliver Blume, Chairman of the Executive Board of Porsche AG. billion) in electromobility by 2022.

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BMW Group, Daimler, Ford, Audi & Porsche JV for up to 350 kW CCS ultra-fast charging network along major highways in Europe

Green Car Congress

BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and Porsche have signed a Memorandum of Understanding to create the highest-powered charging network in Europe. This will be an important step towards facilitating mass-market BEV adoption. —Oliver Blume, Chairman of the Executive Board of Porsche AG.

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Porsche SE acquires ~10% stake in real-time traffic information company INRIX; 1st step to complementing investment in VW AG

Green Car Congress

Porsche Automobil Holding SE has acquired a stake of around 10% in INRIX, one of the leading providers of real-time traffic information. For Porsche SE, the acquisition is the first step towards creating a portfolio of investments complementing its existing shareholding in Volkswagen AG.

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Infineon and XAIN to collaborate on bringing blockchain into the car

Green Car Congress

The goal of the collaboration is to test possible applications and develop suitable ones to market maturity. In February, Porsche announced its collaboration with XAIN in testing blockchain applications directly in vehicles—making Porsche the first automobile manufacturer to implement and successfully test blockchain in a car.

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The Alliance wants the state of Maryland to step up and to lead by example by passing SB 1234.

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Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects; ŠKODA to lead

Green Car Congress

The first step will address topics such as the application of specific market knowledge as well as local development expertise. In the long term, the Volkswagen Group is looking to further expand its product portfolio in the fast-growing emerging markets. That is why we are systematically pursuing our regional growth strategy.

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Volkswagen Group to invest €51.6B over next five years; seeking to make itself future-proof

Green Car Congress

The Volkswagen Group is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. share of the world passenger car market. The Group is trying to complete a complex merger with Porsche. Tags: Engines Hybrids Market Background Motors Vehicle Manufacturers.

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