EV retreat: Porsche shuts down battery, e-bike and software subsidiaries
May 11, 2026
Porsche has decided to wind down three non-core divisions, resulting in the loss of over 500 jobs. The closures are part of a sweeping strategic reversal that is stripping Porsche of the electromobility ventures it spent years building. The way forward seems to be the backview mirror for the German sports car maker. Germany’s most […]