Automakers

Porsche to set up joint venture with German battery maker

 A visitor takes a picture of a Porsche Taycan electric car at the 2019 Frankfurt auto show.
A visitor takes a picture of a Porsche Taycan electric car at the 2019 Frankfurt auto show. (WOLFGANG RATTAY/REUTERS)
R
By:
Reuters
June 20, 2021 08:46 AM

FRANKFURT -- Porsche is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the automaker said.

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