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New Formula E Porsche 99X Electric Gen3 celebrates world premiere

Green Car Congress

With the Porsche 99X Electric Gen3, Porsche heads into a new era of Formula E. The electric racing car, which underwent an evolution in the Porsche Development Centre in Weissach, celebrated its world premiere in the Porsche Experience Center in Franciacorta, Italy.

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Porsche participates in Rimac’s €500M Series D round

Green Car Congress

Porsche and Rimac are taking the next step in their collaboration with focus on the digital and electrified future of mobility. The total volume of the round is €500 million, with Porsche investing an eight-figure sum. The total volume of the round is €500 million, with Porsche investing an eight-figure sum.

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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.

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Porsche testing blockchain applications in cars

Green Car Congress

In collaboration with the Berlin-based start-up XAIN , Porsche is currently testing blockchain applications directly in vehicles—making Porsche the first automobile manufacturer to implement and successfully test blockchain in a car. —Uwe Michael, Vice President Electric/Electronic Systems at Porsche.

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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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Porsche leaving FIA WEC LMP1, entering Formula E

Green Car Congress

From 2019, a Porsche factory team will compete in Formula E. Porsche is now the fourth German OEM to realign its motorsport strategy this year to enter Formula E, following Audi ( earlier post ), BMW ( earlier post ) and Mercedes-Benz ( earlier post ). Porsche is working with alternative, innovative drive concepts.

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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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