On Wednesday, Porsche reported its $75 million investment in the industrial production of an artificial low-carbon complement named eFuels, as part of the company’s goals to electrify 80% of its model lineup by 2030. In return, the manufacturer will obtain a 12.5% stake in Santiago de Chile-based HIF Global LLC.
Porsche is now working with HIF Global and partners, like Siemens Energy and ExxonMobil for the production of eFuels, from hydrogen and carbon dioxide.
As we’ve recently reported, supercar brand Lamborghini is also aiming to switch its lineup to plug-in hybrids.
Lamborghini Aims to Electrify Its Entire Range by 2024
The acquisition of eFuels could position the manufacturer as a pioneer in using the zero-emission fuel substitute, by lowering emissions across its vehicles and still allowing the manufacturer to keep producing its classic sports cars. However, the manufacturer hasn’t yet mentioned when the eFuels will be available to Porsche owners.
Follow TechTheLead on Google News to get the news first.
