Porsche AG and recycling specialist cylib successfully produced battery cathode material from 100% recycled raw materials. The pilot project aims to establish a closed-loop system to reduce reliance on primary raw materials. The company expects these recycled materials to enter battery cell production starting in 2028.
Deutsche Bank raised its price target for Porsche AG to €55 from €45 while maintaining a Buy rating. The upgrade precedes an investor day scheduled for October 7, where analysts expect a value creation plan. Berenberg also increased its price target despite forecasting a transition year in fiscal 2027. Porsche shares rose more than 3% to approximately €46.7 following the positive analyst sentiment.