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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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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. The build-up is planned to start in 2017, with an initial target of about 400 sites in Europe.

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New Audi CEO setting up Artemis project for accelerated development of vehicles; highly efficient EV

Green Car Congress

Two months after taking office as the new CEO at Audi, Markus Duesmann is establishing a unit for the accelerated development of additional automobile models. The head of the “Artemis” high-tech project will be Alex Hitzinger, a successful motorsport chief engineer and currently in charge of autonomous driving in the Group.

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Audi to launch 3 new electric models by 2020; subsequent electrification in renewed core; targeting 1/3 electrified unit sales by 2025

Green Car Congress

In April, the brand agreed on new development cooperation with Porsche for future vehicle architectures. With a subsidiary founded in March 2017, Audi will take over the leading role within the Volkswagen Group in the development of autonomous driving. Earlier post.) billion (US$1.3 The net cash flow increased to more than €1.5

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Polestar to Utilize Former Saab Plant as European R&D Facility

The Truth About Cars

Its plan was to manufacture electric vehicles based on Saab’s 9-3 platform by 2017 and had acquired the necessary assets to accomplish this. The Polestar 5, which will also compete against the Porsche Taycan, is scheduled to go into production in 2024 at a plant in Chongqing, China. But that no longer appears to be the case.

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Alpine to focus on 8 billion euros in income, 10% margin via 2030

Baua Electric

ENSTONE, England — Renault’s Alpine high-performance section is focused on income of greater than 8 billion euros via 2030 with an expanded lineup of 7 fashions, together with a sports activities automobile and four-seat sports activities coupe by itself full-electric platform.

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