Group14 Technologies, a US battery manufacturing supplier, said it appointed Porsche AG’s Dr Michael Steiner to its Board of Directors.
The Washington-based company, which makes silicon-carbon technology for lithium-silicon batteries, said he was ‘an industry visionary in the global automotive space’ and brings to Group14 Technologies decades of product innovation experience at leading global automakers such as Porsche and Daimler.
Dr Steiner’s appointment follows Group14’s $400 million Series C start-up funding in May 2022, led by Porsche with participation from OMERS Capital Markets, Decarbonization Partners, Riverstone Holdings LLC, Vsquared Ventures and Moore Strategic Ventures.
Steiner said: “The automotive space is rapidly changing course toward electrification, making cells and batteries what I call the ‘combustion chambers of the future’.
“With its silicon anode approach, which utilises accessible materials to achieve significant energy density increases, Group14 has the potential to become the EV cell technology behind the biggest automotive brands in the world.”
Group14 has a commercial battery active materials (BAM) factory in Woodinville, Washington, and is building a second, larger, BAM factory in eastern Washington. It will supply major-scale battery production in support of full EV programmes.
And to meet the dual sourcing requirements of automotive customers, Group14 will be commissioning another large commercial-scale factory in South Korea by the end of the year. This is part of its joint venture with Korean investment company SK Inc.
Photo: Group14 Technologies appoints Porsche’s Dr Michael Steiner to its Board of Directors
