Porsche's supervisory board has given the green light to project Mission E for development of the first fully-electric Porsche, to be launched at the end of the decade.
The Mission E concept car made its debut at the Frankfurt International Motor Show in September to highly positive reviews in terms of both styling and engineering.
The four-door EV with individual seating for four had a system power output of more than 600 horsepower (440 kW) and was said to achieve acceleration from 0-to-100 km/h in less than 3.5 seconds.
Just as important, Porsche claimed a driving range of more than 500 kilometres.
Its lithium-ion batteries, integrated within the vehicle floor, would be charged via an 800-volt quick-charger specially developed for the car, which is twice as powerful as today's systems.Just 15 minutes on that charger would provide enough to achieve 80% of full range, Porsche says. Optionally, the vehicle could be recharged wirelessly via an induction coil in the garage floor.
The go-ahead for Mission E will create more than 1,000 new jobs in the Stuttgart-Zuffenhausen area where Porsche will invest around 700 million Euros in new production facilities for the car – including expansion of the existing engine factory to build electric motors.
"With Mission E, we are making a clear statement about the future of the brand, said Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG. "Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car," he added.
Dr. Oliver Blume, Chairman of Porsche's Executive Board, described this step as the "beginning a new chapter in the history of the sports car... 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."