Millions Invested by Porsche to Up Energy Density in EVs

After the first successful launch of EVs by Porsche, the company is taking a bold step in its commitment to new technology and a sustainable future. With a million-dollar investment in silicon-carbon anode lithium batteries, Porsche is upping the game for an attractive energy-dense alternative to graphite batteries.

The Idea

The lithium batteries use silicon-carbon anode technologies made by 14 Technologies. Porsche purchased shares worth $100 million from the company, making it its biggest investor. Porsche’s investment was also a major chunk of the $400 million funded by investors for 14 Technologies. Porsche has expanded its investment to outdate the diesel gate scandal of the Volkswagen group as well as for futuristic improvements. The SCC-55 technology by Group 14 technologies is going to replace the existing lithium batteries in the most current Porsche models like Porsche 911GT3, 911GT3 RS, etc. The Silicon-carbon lithium-ion batteries will replace the current graphite anode and improve the life cycle, they will be lightweight and will be beneficial in motorsports and high-performance vehicles.

The Benefits

According to the claims of Group 14 and tested results of Farasis energy, that 20 percent blend of traditional graphite and SCC5 improves life cycle energy by 20%. And a full blend of silicon-carbon composite improves energy density by up to 50%. The replacement of technology can prove to be a more sustainable and important factor as it also doesn’t require any retooling. It simply replaces the graphite lithium-ion anodes with Silicon-Carbon lithium batteries. The abundant resources of silicon-carbon than graphites will require no extra resources or manufacturing costs, have more energy capacity as well as be lightweight. The improvement can prove to add up more capital gains for the company providing juice to the new models of a super lightweight energy-saving line of cars by Porsche. If this investment made by Porsche proves to be worthy of the claim, it will deliver super accommodating and exciting launches for the lovers of the brand.

Fiat Chrysler Will Invest $1.1 Billion On Electric Vehicles in Canada

Recently, Fiat Chrysler Automobiles NV agreed to add an investment of $1.1 billion in an assembly plant it has in Canada. This comes as part of a rather tentative agreement that was made with the thousands of local autoworkers. The deal was made with Unifor, which is a representative for around twenty thousand Canadian autoworkers, and the money will be invested in a new electric-vehicle platform. It will be based in a Windsor, Ontario assembly plant, and will start in 2024, bringing two thousand new jobs to a plant that has laid off 1,500 people this year.

Fiat Chrysler Finally Looks Ready to Invest In Electric Vehicles

Brampton Assembly - Fiat Chrysler automobile factoryWhile the late CEO Sergio Marchionne was resisting investments in EVs, now Fiat Chrysler shows that it is ready to step up its electrification plans. It’s introducing several new models, including a hybrid Jeep Compass and Jeep Renegade for the European market, as well as a plug-in Wrangler that will be made in Toledo, Ohio. Last month it also teased a hybrid concept of its new Jeep Wagoneer.

Fiat Chrysler will combine with French carmaker PSA Group and create Stellantis – the world’s fourth-largest auto manufacturer. These former rivals will share the burdens and investments that come with developing self-driving electric vehicles.

FCA Has Started Talks With the Canadians for Subsidizing Its New Electric Platform

 Fiat Chrysler workersThe Italian-American company agreed to similar terms Unifor reached with Ford Motor Co., in a deal from September. This includes around a billion in investments and government subsidies that will be aimed at producing battery-powered EVs. Fiat Chrysler also plans to create new versions of its retro muscle cars during each year of the new labor agreement. These will most certainly include the Chrysler 300, Dodge Charger, and Dodge Challenger models. Unifor President Jerry Dias said that they are feeling quite comfortable with the fact that those models are loved by the consumers.

Now, Unifor members are expected to vote on the Fiat Chrysler agreement this October. After the deals with Fiat Chrysler and Ford are made, Unifor also plans to start talks with General Motors Co.