Porsche is officially exiting the electric bicycle market after nearly four years in operation. The luxury German automaker announced plans to close Porsche eBike Performance GmbH, the subsidiary responsible for developing high-performance e-bike systems, motors, and battery technology. Porsche Focused on Luxury Cycling Technology Electric bikes by Porsche are on display at the International Motor [...]
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Technologueid Jakarta Porsche has officially suspended the operations of its electric bicycle subsidiary Porsche eBike Performance GmbH after nearly four years of operation. This decision is now,...
To improve its dire situation, Porsche is divesting itself of non-core businesses. The e-bike division is being discontinued, resulting in the loss of 350 jobs. Porsche had once harbored ambitious plans for the bicycle market. The automaker is also closing two other smaller subsidiaries.