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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 Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group. The new funding round is being led by Softbank Vision Fund 2.

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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. We translate the innovative technology into direct benefits for the customer.

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Porsche Casts Doubt Upon Combustion Ban Timeline

The Truth About Cars

.& With this in mind, Porsche’s CFO was recently quoted as saying European combustion bans will probably need to be delayed and there’s good reason to believe him.& However, Porsche Chief Financial Officer Lutz Meschke was quoted by Automotive News on Thursday casting some doubts.&

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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

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Consumer Reports Says EVs Less Reliable Than Traditional Automobiles

The Truth About Cars

For 2023, CR reported that EVs had 79 percent more problems than automobiles that use internal combustion. Lexus and Toyota took the number one and two spots, respectively, and were followed by Mini, Acura, Honda, Subaru, Mazda, Porsche, BMW, and Kia. Plug-in hybrids were even worse with 146 percent more issues.