Porsche acquires a stake in an innovative producer of battery materials

5 May 2022, 03:28:11

Porsche is acquiring shares in the US company Group14 Technologies, a producer of advanced silicon-carbon technology for lithium-ion batteries. As a lead investor, Porsche is raising 100 million US dollars and leading a Series C funding round in which several companies are investing a total of 400 million US dollars (about 328 million euros).

Group14 Technologies, which is based in Woodinville in Washington state, intends to use the increase in capital to accelerate its worldwide production of anode material for lithium-ion batteries. Before the end of the year, Group14 will be laying the foundations of another factory for the production of battery active materials (BAM) in the US. In the future, Group14 will also supply the Cellforce Group from Tübingen, in which Porsche holds a majority stake. Cellforce was founded in 2021 by Porsche and Customcells Holding. From 2024, in Germany, the joint venture intends to produce self-developed high-performance battery cells with silicon anodes for small series production, motorsport, and high-performance vehicles. The Cellforce battery cells are expected to be used in electrically powered Porsche vehicles with high-performance powertrains.

The chemistry of the new cells relies on silicon as the anode material. This can significantly increase the power density compared to the batteries currently in series production. The batteries of the future will accordingly be able to store more energy within the same dimensions – and will therefore have a greater range than the batteries currently on the market. The innovative chemistry also reduces the battery’s internal resistance, allowing it to absorb more energy during recuperation while charging faster.

Group14 operates a commercial-scale production factory for BAM in the state of Washington. The technology has already proven itself in batteries for electric vehicles and for extremely fast charging applications. Another factory will go into operation in South Korea in 2022. In addition to Porsche, several other companies – from global financial investors to strategic investors from the battery industry (OMERS Capital Markets, Decarbonization Partners, Riverstone Holdings LLC, Vsquared Ventures, Moore Strategic Ventures, and others) – are participating in the current funding round.

News related to Porsche or Group14

Porsche has taken a decisive step into its electric future with the launch of a new in‑house battery production facility dedicated to the upcoming Cayenne Electric. The Porsche Smart Battery Shop, located in Horná Streda, Slovakia, marks a major milestone in the company's strategy to expand its expertise in electromobility and secure full control over one of the most critical components of an electric vehicle: the...

17 March 2026

The new Porsche Cayenne S Electric enters the lineup as a well‑balanced performance SUV, positioned between the standard Cayenne Electric and the high‑end Cayenne Electric Turbo. It delivers stronger acceleration, upgraded design elements, and a wider range of equipment options tailored for drivers who want both everyday comfort and track‑ready capability. The Cayenne S Electric uses dual permanent‑magnet motors...

11 March 2026

Porsche has officially launched production of the all‑electric Cayenne, marking a major milestone for the brand as it accelerates its transition toward high‑performance electrification. The electric SUV, which made its global debut in November 2025, is now rolling off the line at the company's Bratislava facility - on the very same line that builds the combustion and hybrid versions of the model. This unified...

3 February 2026

Porsche is set to launch the all-electric Cayenne in the coming weeks, introducing groundbreaking high-voltage technology. With an integrated battery design, dual cooling systems, and predictive thermal management, the Cayenne Electric sets a new benchmark for E-Performance. Media representatives recently experienced its impressive efficiency during real-world range tests in the United States. Porsche Cayenne...

25 October 2025

Porsche has unveiled the all-electric Macan GTS, the performance-focused addition to its Macan Electric lineup that leans into sharper handling and sports-car acceleration while keeping the SUV’s everyday usability. The GTS pairs a potent rear-axle motor with a front motor in a rear-biased layout, producing 380 kW in normal operation and up to 420 kW of overboost with Launch Control, delivering a sprint from 0 to 62...

21 October 2025

With a sharper design, more power, more range and even better charging performance, Porsche extensively modernised the Taycan at the beginning of 2024. Now three new versions complete the 16-version family: The new edition of the Taycan GTS builds on the model-spanning success story that is the Gran Turismo Sport at Porsche. In addition, the entry-level sports sedan is also available with all-wheel drive for the...

14 November 2024

At Auto China 2024, the Volkswagen Group and its brands demonstrate their innovative strength with an impressive line-up of China specific products. Six world premieres and five China premieres are the highlights among the 44 car and motorbike models on display. Among the 44 cars on display, 18 will be electrified NEV models. Through a strong ‘In China, for China’ approach, the Group set the course for accelerated...

19 April 2024

Porsche is expanding the model line-up of its all-electric sports sedan to include the Taycan Turbo GT and the Taycan Turbo GT with Weissach package. The latter is built for the track and dispenses with the rear seats in favor of an even better power-to-weight ratio. At peak power, both models can deliver more than 1100 ps. In combination with various lightweight construction and aerodynamics measures, these...

11 March 2024

The Porsche Taycan has been extensively updated. The new versions have more power, more range, accelerate quicker, and charge faster with greater stability. Style Porsche has also sharpened the design and more strongly differentiated the Turbo models. All Taycan versions feature an even more extensive standard equipment list and come with the latest generation of the Porsche Driver Experience with an improved...

7 February 2024

Porsche has just unveiled the all-electric Macan in Singapore. The second generation of the successful SUV debuts with a striking design that balances between “quintessentially Porsche” and “innovative”. The body of the new model has a Cd 0.25, which makes it the most streamlined SUV on the market. The most powerful trim of the model is the Porsche Macan Turbo delivering up to 470 kW of power with Overboost and 1130...

25 January 2024

Porsche is upgrading its main plant in Stuttgart-Zuffenhausen for the future by carrying out extensive reconstruction measures and extensions. In the future, the electric sports cars in the next 718 generation will be produced on the traditional assembly line for the two-door Porsche sports cars – and this alongside the models with a boxer engine. The Stuttgart-based sports car manufacturer is investing some 250...

17 November 2023

The Volkswagen Group all-electric deliveries increased by 45% to 531,500 vehicles globally, raising the BEV share of total deliveries to 7.9% after 6.1% in the prior year period. In the third quarter alone, the BEV share climbed to 9.0% compared to 6.8 percent one year ago. From January to September, Europe remained the key growth driver with an increase of 61% to 341,100 vehicles. BEV deliveries jumped 74% to...

17 October 2023

The Volkswagen Group successfully continued its transition to electric mobility in the first quarter of 2023. By the end of March, deliveries of all-electric vehicles (BEVs) have risen by 42% compared to the prior-year period, which was hit harder by supply chain issues. A total of 141,000 BEVs were handed over to customers, up from 99,200 in the first quarter of 2022. BEVs made up 6.9% of total deliveries in this...

21 April 2023

At its annual press conference, Porsche announced that it continues with its ambitious electric strategy. The all-electric Porsche Macan has reached the home straight and will be available to customers in 2024. The all-electric Porsche 718 is planned for the middle of the decade. In the medium term, it will only be available as an all-electric model. It will be followed by the all-electric Porsche Cayenne. The...

13 March 2023