Porsche plans to put its Mission E electric car into production by the end of the decade, but to do that it will need a company to supply batteries for the car.
The company is considering two potential candidates and may make a decision soon, reports Bloomberg. Panasonic and Bosch are both possibilities according to the report, which cites anonymous sources familiar with the matter. Each has experience manufacturing electric car battery cells, and each apparently comes with its own pros and cons from Porsche's perspective.
Panasonic is primarily associated with Tesla Motors [NSDQ]; it makes all of the Silicon Valley firm's battery cells and is helping build Tesla's massive Gigafactory in Nevada. Panasonic cells would reportedly be cheaper than comparable components from Bosch, but Porsche believes the less-complicated logistics of working with another German company could compensate for that difference. Bosch partnered with Samsung to supply battery cells for the Fiat 500e.
"We're in the final stages of making a decision," Porsche CEO Oliver Blume told Bloomberg. He didn't say which suppliers were being considered.
The mention of Panasonic and Bosch means Porsche could be going a different route to corporate cousin Audi, which previously confirmed it will use Korean companies LG Chem and Samsung SDI to supply batteries for its electric SUV due in 2018.
Porsche said that the original Mission E concept developed more than 600 horsepower, with an electric motor positioned at each axle for all-wheel drive. It boasted a 310-mile range, 0-62 mph time of 3.5 seconds, and a Nüburgring lap time of under eight minutes. The concept also featured a nifty 800-volt DC fast-charging system that could recharge the the battery pack to 80 percent capacity in 15 minutes. The production version is due at the end of the decade.