The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025
Construction on the site, which is near a major Red Sea trading port, will start early next year
The Porsche Taycan, the brand’s first fully electric model, offers many firsts and gives a glimpse into the future of efficient electromobility