Porsche to build its first electric car Mission E

Friday, 04. December 2015 18:19

In September, Porsche presented a concept of its first electric car Mission E at the Frankfurt International Motor Show. On Friday, the company’s supervisory board approved the Mission E project, which is to be launched at the end of the decade.

The car has a “highly emotional design” together with an “outstanding driving performance with trendsetting day-to-day practicality”. Some of the features of Mission E include four doors with four individual seats and a system power output of over 440 kW (600 PS), able to achieve both acceleration of 0 to 100 km/h in under 3.5 seconds and a range of more than 500 kilometres. It will be charged via an 800-volt charger unit, which is twice as powerful as today's quick-charge systems.

With this project, the company is showing its commitment to sustainable growth. It will invest around €700 million in Stuttgart-Zuffenhausen, which is adding over 1,000 new jobs. Future plans include building a new paint shop and a new assembly plant, and the existing engine factory is also being expanded to accommodate the production of electric motors.

Dr. Oliver Blume, Chairman of the Porsche Executive Board, said: "We are resolutely taking on the challenge of electric mobility. Even with solely battery-powered sports cars, Porsche is remaining true to its philosophy and offering our customers the sportiest and technologically most sophisticated model in this market segment."

Mission E is set to become Tesla’s rival. Porsche closed up 1.01% at €48.71, while Tesla traded down 1.16% at $230.

Related Links: Porsche Automobil Holding SETesla Inc.
Baha Breaking the News (BBN) / AM