Porsche Is Discontinuing Its Performance E-Bike Division

Porsche will shut down Porsche eBike Performance GmbH and close facilities in Germany and Croatia.

About 350 jobs are expected to be cut as the company says the e-bike market no longer fits its plans.

Porsche is also winding down its battery cell and software subsidiaries and scaling back other EV investments.

The move marks a broader pullback from some electric mobility bets as Porsche refocuses on its core business.