Porsche Shuts Three Subsidiaries, Cuts 500+ Jobs in Strategic Overhaul
Porsche is closing three subsidiaries—Cellforce Group, Porsche eBike Performance, and Cetitec—as part of a strategic refocus on its core automotive business. The restructuring will eliminate over 500 jobs. Cellforce Group, a battery cell joint venture, was established to develop high-performance batteries for electric vehicles. Porsche eBike Performance produced e-bike drive systems. Cetitec specialized in software and connectivity solutions. The closures reflect Porsche's shift to streamline operations amid industry challenges.
Key facts
- Porsche is shutting down Cellforce Group, Porsche eBike Performance, and Cetitec.
- Over 500 jobs will be cut.
- Cellforce Group was a battery cell joint venture.
- Porsche eBike Performance made e-bike drive systems.
- Cetitec focused on software and connectivity.
- The move is part of a strategic overhaul to refocus on cars.
- The announcement was made in 2025.
- Porsche is an automaker based in Stuttgart, Germany.
Entities
Institutions
- Porsche
- Cellforce Group
- Porsche eBike Performance
- Cetitec
Locations
- Stuttgart
- Germany
Sources
- Quartz —