A recall of Porsche’s first full-electric car underscores the technical challenges of rolling out vehicles packed with increasingly sophisticated software gadgetry on a large scale.
The company, which supplies batteries to automakers including VW Group, Hyundai and Ford, aims to raise its target by 60 percent from a previously announced goal of 125 GWh. Its current capacity is 40 GWh.
The automaker is exploring capital market options, including an initial public offering and stock market listing, after a proposed merger with Geely was dropped.
Nissan said it will build a new electric crossover at its UK factory while China’s Envision will add capacity to produce batteries for 100,000 vehicles a year.
Second-quarter U.S. deliveries are still expected to reach the highest level since at least 2018, but analysts anticipate declining volume in the months ahead.