Porsche celebrates the start of electromobility at its Leipzig factory

EQS-News: Dr. Ing. h.c. F. Porsche AG / Key word(s): Miscellaneous
Porsche celebrates the start of electromobility at its Leipzig factory

14.05.2024 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Porsche celebrates the start of electromobility at its Leipzig factory

  * With its production of the electric Macan, the Porsche factory in
    Leipzig is now also a centre of excellence for electromobility.

* Flexible production: three powertrain types on one assembly line.

Leipzig. Today, Tuesday 14 May, Porsche celebrated the official start of
electromobility at its production site in Saxony. In recent years, the
sports car manufacturer has invested around 600 million euros in expanding
the factory in order to produce the electric Macan here. Additions to the
factory have included a new body assembly line. Production of the new Macan
is currently being ramped up. The plant has been designed for maximum
flexibility in the future, with petrol, hybrid and all-electric cars being
made on a single production line.

Many prominent guests attended today's celebrations. Representatives of
Porsche AG included Chairman of the Supervisory Board Dr Wolfgang Porsche
and Chairman of the Executive Board Oliver Blume. And from the political
sphere, Dr Volker Wissing, Federal Minister for Transport and Digital
Infrastructure, Michael Kretschmer, State Premier of the Free State of
Saxony, Winfried Kretschmann, State Premier of Baden-Württemberg, and
Burkhard Jung, Mayor of Leipzig. The members of the Porsche Sustainability
Council were also in attendance.

Electromobility lays important groundwork for the mobility of the future
Following on from the Taycan, the new Macan is the second all-electric
Porsche model on the market. In 2030, the sports car manufacturer plans to
deliver more than 80 per cent of its new vehicles with an all-electric drive
- depending on customer demand and the development of electromobility in
individual regions of the world. 'At Porsche we're convinced that
electromobility is the future. It is the joint task of business, politics
and society to drive forward the transformation of mobility together,' said
Chairman of the

Executive Board Oliver Blume at the event. 'However, this transformation is
not happening everywhere at the same speed. Which is why we remain flexible
- with an attractive product portfolio. And with three different powertrain
types, namely emotional combustion engines, efficient plug-in hybrids and
all-electric models. The Porsche factory in Leipzig is a pioneer and a
flagship as regards flexibility and sustainability. For Porsche itself, but
also for the automotive industry as a whole.'

Federal Minister Dr Volker Wissing emphasised: 'I'm very happy about this
new production site for electromobility in Germany. It's now the joint task
of politics and business to make electromobility even more attractive to
people. To achieve this, we need a committed automotive industry working
alongside us. For example, in making a joint contribution to expanding the
charging infrastructure in a way that looks to the future. Because charging
needs to be as simple as filling the tank. This is the only way to increase
people's willingness to change to climate-friendly electric cars. With the
so-called German network we're going full steam ahead with the expansion of
the fast-charging infrastructure throughout the country - with an additional
9,000 fast-charging points ensuring basic supply in the country's regions
and on its motorways.'

Car production has a long tradition in Saxony. The foundation stone of the
industry was laid with the opening of the Horch factory in Zwickau in 1904.
'Saxony is a cradle of German car making. The anniversary celebrating '120
years of car making in Saxony' is a symbol of the industry's ability to
transform itself and be open to new technology in the state, and of the
success of the businesses situated here,' said State Premier Michael
Kretschmer. 'Almost one in ten passenger cars built in Germany comes from
'car country Saxony'. The state is one of the leading production sites for
all-electric cars in Germany and throughout Europe, and has firmly
established its position as an attractive, successful business centre. As a
driver of innovation, electromobility will take Saxony to even greater
heights as a business location.'

Porsche production: smart, lean, green
Sustainability is a key component of the Porsche Strategy 2030. The sports
car manufacturer is committed to the targets of the Paris Climate Agreement,
and aims to be a pioneer of sustainable mobility. State Premier of
Baden-Württemberg Winfried Kretschmann: 'We've now got both feet firmly
planted in a new era of mobility. For passenger cars, everything is geared
towards electromobility. And Porsche is showing us that this doesn't just
make sense - it's also fun!' He is also convinced that Germany, as a
business location, is well equipped for this structural transformation. In
this context, he emphasises the importance of innovation and creativity: 'In
Germany we have the know-how and inventiveness to be the leader in the field
of electromobility. The best of the best in our country are showing us the
way. This is why I'm convinced that we're going to master the change to more
sustainable mobility.'

In Leipzig, the Macan is produced with a carbon-neutral balance sheet. 'In
production at Porsche, we have implemented the 'smart, lean and green'
approach at all our factories. This means that we have the vision of an
intelligently connected factory with the lowest possible environmental
impact,' says Porsche Executive Board Member for Production Albrecht
Reimold. 'We at Porsche are also working towards a carbon-neutral balance
sheet across the entire value chain for newly built cars by 2030.' The
Leipzig factory has received numerous awards for its sustainable approach,
including the 'Lean and Green Management Award' in 2021. The 'Factory of the
Year' award in 2023 also recognised the rigorous sustainability standards of
the Porsche location in Saxony.

Economic driver with a wide-ranging commitment to society
More than 4,600 employees build the Macan and Panamera models at the Porsche
factory in Saxony. The sports car manufacturer also has many commitments to
Leipzig in the fields of education, culture, social issues, sport and the
environment. Mayor Burkhard Jung paid tribute to the sports car
manufacturer's commitment to the region: 'We are very happy and proud to
have Porsche in Leipzig. Porsche is not just an important economic driver
here, but also a committed partner to the city - as a supporter of culture,
sport and social projects, in particular for the benefit of young people.
For example, without Porsche, the 'Klassik airleben' concerts of the
Gewandhaus Orchestra in Rosental would hardly have been possible.

Important success factor: focussing on people
Within the framework of the expansion of the plant for the Macan, the
Leipzig factory was quick to qualify and emotionally prepare its employees
for electromobility, and for the new tasks that come with it. At the event,
Plant Manager Gerd Rupp emphasised: 'Processes are becoming more robust and
more efficient due to technologies such as augmented reality. But our
employees are and always will be a key factor in the planning of the
transformation. The life and soul of a factory are the people who actively
shape technologies.'


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14.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Dr. Ing. h.c. F. Porsche AG
                   Porscheplatz 1
                   70435 Stuttgart
                   Germany
   Phone:          +497119110
   E-mail:         info@porsche.de
   Internet:       https://www.porsche.com/international/
   ISIN:           DE000PAG9113
   WKN:            PAG911
   Listed:         Regulated Market in Frankfurt (Prime Standard)
   EQS News ID:    1901859

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1901859 14.05.2024 CET/CEST