In a recent earnings report, German sports car maker Porsche revealed its long-term electrification goals, and new news about the company's electric vehicles has resurfaced in recent days, including an electric version of the 911. The company is working with Quantumscape to use solid-state batteries in future Porsche electric cars, such as the electric 911, sources say.
German media reports say Porsche is working on an electric version of the 911 that will use solid-state batteries, at least in part. Porsche has been working with U.S. solid-state battery maker Quantumscape to integrate this breakthrough technology into Porsche's electric vehicles, the report said.
Porsche parent Volkswagen Group, which is the largest shareholder in Quantumscape, invested $100 million in Quantumscape in 2018 before adding more in 2020, previously saying the new electrified 911 would be launched by 2030. $200 million invested.
In 2020, Quantumscape merged with a special purpose acquisition company (SPAC), a move that brought it $1 billion in funding. Since then, Quantumscape has been hard at work developing the much-anticipated solid-state battery technology that has the potential to dramatically improve the range, charging speed and safety of electric vehicles in the future.
If Porsche can use solid-state battery technology in its vehicles by 2030, the brand's electric vehicle sales are likely to increase significantly. Porsche's first all-electric car is the Taycan, and the company will launch an all-electric Macan soon. During a recent earnings call, Porsche CEO Oliver Blume revealed that the company will deliver more than 300,000 vehicles worldwide in 2021, of which 41,296 will be the pure electric Taycan, outselling the company's iconic 911 .
