Porsche to build EV battery cells factory in southern Germany

Porsche AG is speeding up its e-mobility drive with plans for a German factory to manufacture battery cells for electric vehicles, its chief executive officer has revealed.

European car manufacturers, who mainly rely on battery suppliers in Asia, are looking to reduce their dependence from abroad in light of a ramp-up in e-cars production to meet tougher environmental rules in the European Union.

Porsche will purchase EV batteries from its parent company Volkswagen which plans to build half a dozen battery cell plants across Europe and expand infrastructure for charging electric vehicles globally.

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