ivian USD 1 billion, with further payments over time as it reached “technological milestones”, such as completion of winter testing in 2026. Volkswagen Group said it plans to build on this milestone in its next development phases, which will more closely involve individual Group brands Audi and Porsche. VW will be sending software specialists to “RV Tech locations like Palo Alto” to deepen their understanding of the joint venture’s arch...

News  Updated at: 2026/03/28

ialists will work at RV Tech locations, including Palo Alto (USA), to learn about the new architecture and coding system. After returning to Wolfsburg, these specialists will share their knowledge with development teams to help integrate brand-specific features faster into future vehicles. Audi and Porsche are also planning similar training programs. Based on Volkswagen Group press release...

News  Updated at: 2026/03/27

PowerX’s battery-powered ultrafast charger adopted for first time by Porsche dealer; expansion to multiple Porsche dealers planned PowerX Inc. (PowerX), a provider of electric vehicle chargers, said on March 26 that it has delivered its battery-powered ultrafast charger “Hypercharger” to the Porsche Center Nagoya Certified Pre‑Owned Center operated by PCN Corporation (PCN) in Naka Ward, Nagoya. This marks the first adoption of the product...

News  Updated at: 2026/03/27

Porsche sees high business risks from global geopolitical conflicts On March 11, Porsche AG announced that the conflicts in the Middle East could directly and indirectly affect its business. These tensions may disrupt important shipping routes, which could impact supply chains. To reduce risks, the company has prepared alternative logistics routes. The ongoing geopolitical situation, Porsche still considers these risks to be high. The company als...

News  Updated at: 2026/03/26

obile (including Nevo, Deepal and Avatr), Geely, Chery (Omoda & Jaecoo and Lepas), Dongfeng Motor (Forthing), Maxus, and Geely Riddara; Japanese brands including Toyota and Lexus, Mazda, Isuzu, Mitsubishi Motors, Nissan, Honda, and Suzuki; as well as other global marques such as Audi, BMW and MINI, Porsche, Mercedes-Benz, Tesla, Ford, Jeep, Rolls-Royce Motor Cars, Aston Martin, Maserati, Volvo Cars, Hyundai, and Kia. Among the exhibitors, two-whe...

News  Updated at: 2026/03/23

Porsche unveils high-tech battery manufacturing for next-gen Cayenne EV in Horná Streda, Slovakia On March 17, Porsche announced that it is making battery modules for the new Cayenne Electric at its Smart Battery Shop in Horna Streda, Slovakia. The facility has been upgraded into a modern technical center that supports Porsche in developing both products and manufacturing processes. Each battery module is made by combining 32 battery cells. Six ...

News  Updated at: 2026/03/19

1,802 registrations, ahead of BYD (469), iCaur (294), MG (206), and Zeekr (191).  The rest of the top 10 included Tesla (144), Leapmotor (90), XPeng (75), TQ Wuling (66), and Volvo (46), while the remaining top 20 comprised BMW, Mercedes-Benz, MINI, Great Wall Motor, Dongfeng, smart, Denza, Honda, Porsche, and Chery.  By model, the Proton eMas 5 dominated with 1,562 registrations in February, followed by the Proton eMas 7 (240), iCaur V23 (179)...

News  Updated at: 2026/03/13

is the outlook for the U.S. business, including Scout and Audi production?  A. [Oliver Blume] We are making progress across all plants with clear cost-reduction targets. Capacity adjustments are necessary because the European market is about 15% smaller than before COVID. Across Volkswagen, Audi, Porsche and CARIAD we plan to eliminate around 50,000 jobs including aforementioned 35,000 jobs for Volkswagen as part of the transformation program a...

News  Updated at: 2026/03/12

VW Group to cut 50,000 jobs in Germany by 2030 On March 10, VW Group announced its plans to cut about 50,000 jobs in Germany by 2030 to reduce costs during its presentation of its 2025 annual results. The job cuts will affect brands including VW, Audi, Porsche, and CARIAD. As part of this plan, the Group will also reduce annual production capacity of 700,000 units. VW Group said the Middle East conflict is not affecting its supply chain, but it c...

News  Updated at: 2026/03/11

Porsche AG revamps Strategy 2035 amid challenging market outlook On March 11, Porsche AG announced at its annual press conference that it is updating their product strategy, simplifying its management structure, and reducing costs across the company. As part of its Strategy 2035, Porsche is considering expanding its product lineup to grow in higher-profit segments. This could include new models positioned above its current two-door sports cars an...

News  Updated at: 2026/03/11

VW Group’s operating profit down 44.6% in Q4, down 53.5% in 2025, on Porsche restructuring, U.S. tariffs On March 10, VW Group announced its financial results for Q4 and full-year 2025. For Q4, sales revenue fell 4.7% YOY to EUR 83.2 billion, operating income dropped 44.6% to EUR 3.5 billion and earnings after tax dropped 1.7% to EUR 3.5 billion. Operating return on sales was 4.2%. For the full-year 2025, sales revenue fell 0.8% YOY to EUR 321....

News  Updated at: 2026/03/11

Porsche adds new trim to Cayenne Electric lineup On March 10, Porsche unveiled the new Cayenne S Electric SUV, adding to Porsche’s Cayenne lineup. It sits between the standard Cayenne Electric and the high-performance Cayenne Turbo Electric model. The SUV generates an output of 400 kW of power, which can increase to 490 kW with Launch Control. The vehicle uses two permanent-magnet electric motors, one on the front axle and one on the rear, to d...

News  Updated at: 2026/03/10

Porsche, Audi and VW’s PCA network adopts transparent pay per use fast charging Porsche Japan KK (Porsche Japan, Minato Ward, Tokyo) and Volkswagen Group Japan KK (Volkswagen Group Japan, Toyohashi City, Aichi Prefecture) announced on March 2 that they have introduced a pay-per-use pricing system to the electric vehicle (EV) rapid charging network in which both companies participate. Previously, the Premium Charging Alliance (PCA) only offered ...

News  Updated at: 2026/03/04

anuary 2026 with 3,276 registrations, far ahead of BYD (913), Zeekr (489), and iCaur (451). The rest of the top 10 included Tesla (176), Leapmotor (171), MG (169), XPeng (97), Mercedes-Benz (83), and Denza (55), while the remaining top 20 featured Great Wall Motor, Dongfeng, BMW, smart, TQ Wuling, Porsche, Volvo, Neta, MINI, and Lexus. By model, the Proton eMas 5 dominated with 3,068 units, followed by the Zeekr 7X (426), BYD Atto 3 (389), iCaur...

News  Updated at: 2026/02/17

Porsche starts production of Cayenne Electric in Bratislava, Slovakia On February 2, Porsche announced that it has started production of the Cayenne Electric in Bratislava, Slovakia on a line with the models with combustion engines and hybrid drives. With an output of up to 850 kW (1,156 hp), the top-of-the-range Cayenne Turbo is the most powerful Porsche production model of all time. The electric Cayenne’s 113 kWh, high-energy-density battery ...

News  Updated at: 2026/02/03

” from Uber. Waabi will apply its system for robotaxis exclusively on the Uber platform, with plans to deploy 25,000 or more Waabi Driver-powered robotaxis.Waabi says other strategic investors in the funding round include NVentures (Nvidia’s venture capital arm), Volvo Group Venture Capital, and Porsche Automobil Holding SE. Financial investors include BlackRock, Radical Ventures, BDC Capital’s Thrive Venture Fund, Export Development Canada...

News  Updated at: 2026/02/03

Talga, Australia, and V4Smart, Germany, partner for fast-charging battery anode development On January 19, Talga Group Ltd announced the execution of a development agreement with V4Smart GmbH & Co. KG, a German-based innovator in high performance batteries co-owned by Porsche AG and VARTA AG Group. Talga and V4Smart will jointly develop and qualify Talga's high-performance graphite anode for integration into next-generation fast-charging battery...

News  Updated at: 2026/01/29

US based semiconductor start-up Ethernovia raises fresh investment On January 20, Ethernovia, Inc. announced the close of a Series B funding round of over USD 90 million led by Maverick Silicon with participation from Socratic Partners, Conduit Capital, and CDIB-TEN Capital. The round also included additional funding from Ethernovia’s existing investors, including Porsche SE, Qualcomm Ventures, and Fall Line Capital. Ethernovia is developing a ...

News  Updated at: 2026/01/21

Porsche’s 2025 Chinese sales volume drops by 26% y/y, declining for 4 consecutive years On January 16, Porsche announced that it sold 41,938 vehicles in the Chinese market in 2025, down 26% year-over-year (y/y) and dropping for 4 consecutive years. Key reasons for the decline remain challenging market conditions, especially in the luxury vehicle segment, as well as intense competition in the Chinese market, particularly for battery electric veh...

News  Updated at: 2026/01/20

entiation without requiring the operational overhaul to rival the big Robotaxi players. However, the 2030s are expected to bring a much broader field as Premium brands, new EV entrants, and Chinese disruptors push L3 capabilities into more nameplates. Likely L3 contenders include:– Premium: Audi, Porsche, Tesla, Cadillac, Volvo– Newer entrants: Rivian, Lucid, Afeela– Chinese disruptors: Luxeed, Stelato, Xiaomi, Xpeng, Zeekr As a result, Glo...

News  Updated at: 2026/01/19