{"id":21590,"date":"2022-05-06T00:04:35","date_gmt":"2022-05-06T04:04:35","guid":{"rendered":"https:\/\/autosector.com\/?p=21590"},"modified":"2022-05-06T00:04:35","modified_gmt":"2022-05-06T04:04:35","slug":"1135777_porsche-invests-100m-in-battery-tech-calls-cells-the-combustion-chamber-of-the-future","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=21590","title":{"rendered":"Porsche invests $100M in battery tech, calls cells the combustion chamber of the future"},"content":{"rendered":"

Porsche on Wednesday announced a $100 million investment in Washington State-based battery firm Group 14 Technologies. The automaker aims to use investments like this to become a leader in battery technology.<\/p>\n

Porsche is leading Group 14 Technologies’ Series C funding round, in which multiple companies are investing a total of $400 million, the automaker said in a press release.<\/p>\n

Based in Woodinville, Washington, Group 14 Technologies has developed a silicon anode for lithium-ion battery cells, which provides greater energy density than conventional lithium-ion chemistry, Porsche claims. That means more energy can be stored in a given volume, increasing EV range without increasing the size of the battery pack.<\/p>\n

\"Rendering<\/p>\n

Rendering of Porsche-backed Cellforce battery factory<\/p>\n<\/div>\n

Group 14 Technologies intends to use the capital from the ongoing funding round to scale up production of its silicon anode material, including opening a new factory in the U.S. The company will eventually supply Cellforce Group, a joint venture of Porsche and Customcells Holding, which plans to manufacture battery cells for Porsche EVs in T\u00fcbingen, Germany, beginning in 2024.<\/p>\n

“The battery cell is the combustion chamber of the future,” Lutz Meschke, deputy chairman of Porsche’s executive board, said in a statement. “Our goal is to be a leading company within the global competition for the most powerful battery cell.”<\/p>\n

Just as the engines in its current sports cars are a key differentiator, Porsche aims to develop high-performance battery cells<\/a> in-house to maintain control of the technology. Porsche estimates that by 2030 more than 80% of its sales will be EVs. The remainder will be made up by the 911, which will be Porsche’s last holdout for the internal-combustion engine<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Porsche on Wednesday announced a $100 million investment in Washington State-based battery firm Group 14 Technologies. The automaker aims to use investments like this to become a leader in battery technology. Porsche is leading Group 14 Technologies’ Series C funding round, in which multiple companies are investing a total of $400 million, the automaker said […]<\/p>\n","protected":false},"author":1,"featured_media":21591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/21590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21590"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/21590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/21591"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21590"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}