Regarding EV batteries., page-234

Our investment in Group14 is an important step for Porsche’s M&A activities. We have been actively investing in ambitious companies since 2016 and through our venture capital unit Porsche Ventures, we have gained a deep understanding of the venture capital world and are excited to lead this round,” said Lutz Meschke, who is the deputy chairman and member of the executive board of Finance and IT at Porsche AG.”The wheels are already in motion through Porsche subsidiary Cellforce Group, which is on track to produce lithium-silicon battery cells in Germany. Startup is planned for 2024.Other Group14 activities include a commercial-scale factory up and running in the state of Washington. Another US factory is in the works for the US, and the company recently broke ground on a third factory in South Korea, under a joint venture with SK Group.What About The Solid-State Angle?Good question! Group14 is already anticipating that its special powder will also find a home in new solid-state energy storage technology. That would dovetail with reports circulating last month around Porsche’s interest in solid-state EV batteries for its 911 moneymakers, which reflects parent company Volkswagen Group’s longrunning actitivies in the solid-state field.