Porsche shuts down e-bike motor brand Fazua as car brand’s e-bike subsidiary closed and 500 jobs cut
Porsche has revealed that it is shutting down its e-bike subsidiary Porsche eBike Performance GmbH, a move that will also see e-bike motor brand Fazua closed.The German sports car brand launched its e-bike subsidiary in 2022, the same year it acquired Fazua, in a bid to develop and market electric drive systems that would power … Read more