Currently reading: Porsche scales back in-house battery plans in revision of EV strategy

Decision hints at renewed focus on ICE cars; investment will be redirected into broader product and software offensive

Porsche has announced changes to its EV strategy, confirming it will no longer expand its in-house battery production business.

The decision has been made because of a slower-than-expected take up of electric cars. Investment will be redirected into a broader product and software offensive.