Porsche Said to Weigh Bosch, Panasonic for Tesla-Fighter Battery
- Sportscar maker is developing its first all-electric vehicle
- Tesla rival to be introduced by the end of the decade
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Porsche AG has been weighing bids from Panasonic Corp. and Robert Bosch GmbH for a long-range battery as it prepares to challenge Tesla Motors Inc. with an all-electric sports car, according to people familiar with the matter.
Costs for the package offered by crosstown neighbor Bosch would be higher than the competing technology from Japanese peer Panasonic, which supplies Tesla’s batteries, said the people, who asked not to be identified because the talks are confidential. The advantage to Bosch’s offer would be less-complex logistics.