Porsche to Shut Down Battery Subsidiary Cellforce and Discontinue E-Bike Unit
German sports car manufacturer Porsche is continuing its strategic downsizing by closing its battery cell subsidiary, Cellforce Group, resulting in the loss of 50 remaining jobs. This decision follows a previous reduction in operations in 2025 and aligns with CEO Michael Leiters' directive to refocus on the company's core business. In addition to Cellforce, Porsche is discontinuing its e-bike drivetrain business, Porsche eBike Performance GmbH, which employs 350 people across sites in Ottobrunn and Zagreb, citing fundamentally changed market conditions. Furthermore, the software subsidiary Cetitec, which developed data communication software for the Volkswagen Group, will also cease operations, affecting approximately 90 employees in Germany and Croatia. These closures come shortly after Porsche sold its stake in the Rimac Group to a consortium led by HOF Capital. The moves represent a significant contraction of Porsche's non-core automotive ventures, including high-performance battery development and specialized e-mobility components, as the automaker adjusts to slower electric vehicle uptake and shifting market dynamics.
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Porsche to Shut Down Battery Subsidiary Cellforce and Discontinue E-Bike Unit
German sports car manufacturer Porsche is continuing its strategic downsizing by closing its battery cell subsidiary, Cellforce Group, resulting in the loss of 50 remaining jobs. This decision follows a previous reduction in operations in 2025 and aligns with CEO Michael Leiters' directive to refocus on the company's core business. In addition to Cellforce, Porsche is discontinuing its e-bike drivetrain business, Porsche eBike Performance GmbH, which employs 350 people across sites in Ottobrunn and Zagreb, citing fundamentally changed market conditions. Furthermore, the software subsidiary Cetitec, which developed data communication software for the Volkswagen Group, will also cease operations, affecting approximately 90 employees in Germany and Croatia. These closures come shortly after Porsche sold its stake in the Rimac Group to a consortium led by HOF Capital. The moves represent a significant contraction of Porsche's non-core automotive ventures, including high-performance battery development and specialized e-mobility components, as the automaker adjusts to slower electric vehicle uptake and shifting market dynamics.
electrive.com