Porsche's first all-electric vehicle will be called the 'Taycan'

Porsche's first all-electric vehicle will be called the 'Taycan'

Porsche's first all-electric vehicle will be called the 'Taycan'

At Porsche HQ in Stuttgart this company is in the process of building a new paint shop and dedicated assembly area for the Taycan.

Meaning "lively young horse", in a reference to the animal on the company's crest, the Taycan will become Porsche's first electric sports auto when it enters production next year. "Our new electric sports vehicle is strong and dependable, said Porsche Chairman Oliver Blume". The vehicle is expected to launch from zero to 62 miles per hour in under 3.5 seconds and up to 124 miles per hour in under 12 seconds. "Multiple jump starts are possible in succession without loss of performance", Porsche says. Porsche will begin production of the Taycan later this year. Range will reportedly be over 500km under the NEDC testing scheme, although we're holding our breath to hear how that range looks under WLTP.

In terms of range, the target is for the Porsche Taycan cover upwards of 300 miles on a single charge and Porsche says the 800-volt system can take on 62 miles of charge in just 4 minutes - assuming you have access to the necessary high powered charging facilities.

Known as the Mission E until today, Porsche said its upcoming battery electric sports vehicle will be called Taycan. And with good reason, the Mission E's specs are truly remarkable and may ultimately sway some prospective Model S buyers to side with Porsche instead.

Stay tuned for more updates on the Porsche Taycan.

Porsche Taycan or Tesla Model S? And Taycan will arrive in 2019. Still, previous suggestions have indicated a starting price in the region of $80-90k.

Already, the company has committed more than $3.5 billion (3 billion Euros) to electrifying its fleet, but Porsche added that it would invest a further $3.5 billion beyond the original amount. Today, it has announced that it's doubling that investment.

Furthermore, around one billion euro will be spent for electrification and hybridisation of the existing product range, several hundred million for the expansion of production sites, plus around 700 million euro for new technologies, charging infrastructure and smart mobility. There'll also be an outlay on ramping up production. Porsche plans to use its existing engine plant to make the twin-motor drive units, which is being expanded accordingly.

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