Porsche mulls between Bosh and Panasonic as suppliers for electric-battery image

Porsche is in talks with both Panasonic and Robert Bosch GmbH to supply battery for the automaker’s upcoming electric sports car, Bloomberg reports.

Porsche plans to challenge Tesla on the electric-car front and the future production model of the Mission E concept foresees a hell of a fight, as the German sports car maker committed to invest 1 billion into the project. The company now has to decide which supplier will provide the battery and two options are being considered, people familiar with the matter told Bloomberg, as Porsche is in talks with Panasonic and Robert Bosch. The German supplier is said to have a costlier bid than the one from its rival Japanese supplier Panasonic – which makes batteries for Tesla -, but Bosch has the advantage of a less-complex logistic plan, said the sources. “We’re in the final stage of making a decision,” Porsche Chief Executive Officer Oliver Blume said in an interview at the Geneva International Motor Show, without saying in which direction the automaker tends to go.

Regarding the future production version of the Mission E concept, expected to emerge by the end of the decade, Blume hinted that the upcoming electric sports car external design would be very similar to the prototype. Porsche, VW’s most profitable brand, reported a 25 percent profit boost in 2015, but it expects a more moderate increase for 2016 and cautioned against “exaggerated expectations” on bigger earnings, as it has to brace itself for significant investments in the first pure battery-electric model.

Via Bloomberg