Volkswagen Group’s software division, Cariad, will be ready to deliver its delayed premium software package to Porsche in time for the launch of the full-electric Macan SUV in 2024, said Oliver Blume, who is CEO of VW Group and its Porsche business.
“We were struggling with software issues on the Cariad level in VW Group over the last years. Now they are [close] to finishing the software platform for the Macan,” Blume told analysts during Porsche’s earnings call on Monday.
Porsche said in its IPO prospectus last year that the electric Macan's debut had been pushed back because of the slow development of the software. The EV will use VW Group's new PPE premium electric platform shared with Audi.
Cariad is developing software known as E3 (“E cubed”) 1.2 for Porsche and Audi to use on PPE platform cars, as well as other electric models. Porsche and VW have said it will allow for “state of the art” driver assistance and infotainment systems, and over the air updates.
In 2021, VW Group said the E3 1.2 software would appear in 2023. Blume’s predecessor as head of VW Group, Herbert Diess, was ousted in July, a move that was partly attributed to software delays and problems. Volkswagen said Tuesday that Cariad, which was set up by Diess, had an operating loss of 2.1 billion euros ($2.24 billion) in 2022 on revenue of 800 million euros.
The software will also be used for the full-electric version of the 718 Boxster sports car coming “in the middle of the decade,” Porsche said in one of its earnings slides on Monday.
The all-electric version of the Cayenne large SUV, which is due after the electric 718, will also use 1.2.