Veille Automobile

Porsche acquires stake in Fazua and plans joint ventures with Ponooc to expand involvement in e-bike market

Porsche is further expanding its involvement in the rapidly growing market for e-bikes by acquiring a stake in Fazua, an innovative manufacturer of e-bike drive systems, and establishing a strategic partnership with Ponooc Investment B.V. Ponooc is part of Pon Holdings B.V.—a trading and service company with around 16,000 employees[...]