Porsche and Customcells, a attery manufacturer, completed the formation of Cellforce Group, a battery joint venture in Germany. Porsche owns 83.75% of the joint venture. “The battery cell is the combustion chamber of the future. As a new Porsche subsidiary, the Cellforce Group will be instrumental in driving forward the research, development, production and sale of high-performance battery cells. This joint venture allows us to position ourselves at the forefront of global competition in developing the most powerful battery cell and make it the link between the unmistakable Porsche driving experience and sustainability. This is how we shape the future of the sports car," Oliver Blume, Porsche Chairman of the Executive Board.