Introduction

Porsche to invest €6 billion in electromobility

  • Client

    Porsche

  • Services

    Electric vehicles

  • Technologies

    Electric-power

  • Dates

    27/03/2018

Description

With these investments, the Stuttgart-based car manufacturer wants to set the course for the future, as it announced at its annual press conference : "We're using our high earnings level to support an unprecedented future development plan," explained Chairman of the Executive Board Oliver Blume .

 

The €6 billion is to be spent on derivatives of the Mission E electric sports car and the hybridization and electrification of current models, as well as on developing a charging infrastructure and smart mobility. In the medium term, the company wants to generate a double-digit percentage of sales through digital services.

 

The annual IT budget is also to be increased to €450 million, half of which is to be invested in purely digital applications. Since the departmental divisions are becoming increasingly blurred with fields such as connected cars and electromobility, Porsche will in future set up mixed teams of programmers in order to implement solutions faster.

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