March 29, 2024

Web and Technology News

How Porsche plans to grow margins with luxury and speed

Porsche — with CEO Oliver Blume behind the wheel — has zipped by a number of milestones over the past several years. Its share price has gained more than 36% since its IPO in September 2022 and profit margins are at an enviable 18%. And yet, Blume isn’t satisfied. “We are driving the company like […]

How Porsche plans to grow margins with luxury and speed by Tim Stevens originally published on TechCrunch

The Porsche Mission X dreams of a faster, electric sports car future

Porsche kicked off its 75th anniversary Thursday with an electrifying reveal: a battery electric hypercar concept the automaker described as a “technology beacon for the sports car of the future.” For Porsche, that means more than splashy details like an  “E” on the rear that illuminates and pulses when being charged — although that is […]

The Porsche Mission X dreams of a faster, electric sports car future by Kirsten Korosec originally published on TechCrunch

Porsche taps Mobileye for automated driving functions in future models

Porsche has partnered with Mobileye, the autonomous driving unit that Intel spun out into a public company last year, to bring hands-free automated assistance and navigation functions to future sports cars, the companies said Tuesday. In the upcoming collaboration, Mobileye’s branded SuperVision technology platform will serve as the foundation for advanced driver assistance systems (ADAS) […]

Porsche taps Mobileye for automated driving functions in future models by Rebecca Bellan originally published on TechCrunch

Pull Systems launches out of Up.Labs-Porsche partnership to tackle EV performance

When Porsche partnered with venture studio UP.Labs, the mission was to create six startups over three years all designed to solve the German automaker’s biggest problems and be compelling enough as a standalone business it that can attract other customers. On Porsche’s list: software that helps manage and automate the performance of EVs. Pull Systems, […]

Pull Systems launches out of Up.Labs-Porsche partnership to tackle EV performance by Kirsten Korosec originally published on TechCrunch

Porsche adds all-electric flagship SUV to its growing EV lineup

Porsche said Monday it will add a full-sized all-electric SUV to its lineup — slotting above several other upcoming EVs — as part of its goal for 80% of all new sales to be EVs by 2030. Porsche didn’t share many details about the all-electric SUV, including its name, price point or specific production date. The […]

Porsche adds all-electric flagship SUV to its growing EV lineup by Kirsten Korosec originally published on TechCrunch

Porsche pumps first synthetic fuel as Chilean plant finally starts producing

After years of promises and millions in investments, Porsche today pumped the first gallons of its fully synthetic fuel into a car. That car? A 911, of course. Porsche has been talking about eFuels since 2020, when it made a 20 million euro investment into a project with Siemens Energy to create a pilot plant […]

Porsche pumps first synthetic fuel as Chilean plant finally starts producing by Tim Stevens originally published on TechCrunch

Porsche, World Fund join $63M bet on batteries for electric planes

To help electric planes take off, German battery company Customcells says it landed about $63 million (€60 million) in Series A funding from Porsche and several climate-tech investors. World Fund, a one-year-old venture firm that backs European climate startups, led the deal. Abacon Capital and Vsquared Ventures also chipped in. Customcells develops and recycles high-performance […]

Porsche, World Fund join $63M bet on batteries for electric planes by Harri Weber originally published on TechCrunch

Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs

Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components supplier — and eventually a publicly traded company. Softbank Vision Fund 2 and Goldman Sachs led the Series D investment round in a […]

Porsche joins $400M bet on lithium-silicon batteries to juice up future EVs

Porsche has read the room. With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies. Porsche injected $100 million into Group14 as part of a larger $400 million Series C […]

The Mercedes-Benz EQXX EV demo is the latest flex against Tesla

In a direct and perhaps theoretical challenge to Tesla, Mercedes-Benz brought to the New York International Auto Show on Wednesday its Vision EQXX concept, freshly returned from a European road trip where it traveled 621 miles on a fully charged battery. The long-range demo is the latest flex against Tesla amid its global expansion. Though […]

The Mercedes-Benz EQXX EV demo is the latest flex against Tesla

In a direct and perhaps theoretical challenge to Tesla, Mercedes-Benz brought to the New York International Auto Show on Wednesday its Vision EQXX concept, freshly returned from a European road trip where it traveled 621 miles on a fully charged battery. The long-range demo is the latest flex against Tesla amid its global expansion. Though […]

Porsche hits the gas on synthetic fuel with $75M investment

Porsche announced Wednesday a $75 million investment in the industrial production of eFuels, a synthetic low-carbon complement to its plans to electrify 80% of its model lineup by 2030. Porsche, which wants to go carbon-neutral by the end of the decade, said at a briefing that the technology could enable the automaker to continue producing […]

The Station: GM deepens it stake in Cruise and Porsche plots out its EV course

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The […]

Porsche is turning its mid-engine 718 roadster into an EV by 2025

The Porsche 718, a mid-engine roadster that injects the automaker’s motorsports’ history into a modern-day package, is going all electric by 2025. The 718 EV, which was announced during Porsche’s annual meeting, is one piece of the company’s ambitious and recently expanded plans to electrify its fleet. The company said Friday that it now wants […]

Porsche to build out its own network of EV charging stations

Porsche said it will start building out its own proprietary global network of charging stations next year, a departure from its initial strategy to rely on partnerships with other companies. The plan, which was revealed during the company’s annual meeting, comes as Porsche prepares to expand its EV portfolio beyond the Taycan to at least […]

Apple execs on developing Mac Studio and Studio Display for the other pros

The seeds of the Mac Studio were planted 5 years ago next month when, in a rare candid admission of misstep, Apple said it was pushing the reset button on the Mac Pro. Having painted itself into a “thermal corner,” Apple realized that it had to burn down the architecture it had created and start […]

Apple execs on developing Mac Studio and Studio Display for the other pros

The seeds of the Mac Studio were planted 5 years ago next month when, in a rare candid admission of misstep, Apple said it was pushing the reset button on the Mac Pro. Having painted itself into a “thermal corner,” Apple realized that it had to burn down the architecture it had created and start […]