Porsche will Launch an Electrically Powered Car at the End of the Decade

7 Dec 2015 | Author: | No comments yet »

Be careful Tesla: This Porsche goes all-electric.

Stuttgart – Porsche is set to spend a billion euros (R15.6bn) to bring its first all electric car to market by “the end of the decade”, as sportscar maker guns for a slice of the green car market.

The Volkswagen-owned manufacturer will create more than 1,000 new jobs at its base in Zuffenhausen in Germany where a new paint shop and assembly line will be set up to build the battery-powered “Mission E” model, Porsche said.Porsche has committed to making its first all-electric vehicle, taking on Tesla Motors with a model that’s set to accelerate faster than the German company’s 911 sports car and recharge in 15 minutes.Porsche Mission E concept was unveiled at the Frankfurt International Motor Show (IAA) in September 2015 and much to the delight of the company, it got tongues wagging with its specifications as well as the looks. Porsche’s investment in emissions-free drive technology reflects parent VW’s growing commitment to increase its electric offerings as it struggles to overcome an emissions scandal. Porsche has green-lighted a €1bn project to produce the battery-powered sports car, which will be manufactured near division headquarters in Stuttgart and create 1,000 jobs, the Volkswagen unit said on Friday.

At the motor show, Porsche revealed that it intends Mission E to be a technological trailblazer that will set a benchmark for other EVs with trendsetting day-to-day practicality. VW has said the next generation of its VW-badged flagship luxury saloon Phaeton will be electric and it plans to expand the so-called MQB modular production platform to focus more strongly on long-range plug-in hybrids and electric vehicles. “We are sending a significant sign for the future of the brand,” Chairman Wolfgang Porsche said after a meeting of the supervisory board which approved the investment. Some 700mil euros (RM3.1bil) will be spent at Zuffenhausen where an existing engine plant and body shop will be extended, and the rest will be invested in Porsche’s development centre in Weissach, the carmaker said.

While global sales of all electric vehicles have yet to take off, manufacturers are positioning themselves for growth in demand stemming from tighter environmental rules. Tesla boss Elon Musk said in a presentation at a Paris conference on climate change last week that regulators need to take action to discourage carbon emissions.

DANIEL ROLAND/AFP/Getty Images The Mission E, which is powered by lithium-ion batteries, uses an 800-volt charger that Porsche says is twice as powerful as the current generation of electric-car charging technology. Christian Weiss, Porsche corporate spokesperson, has said that the company’s new electric sports car will blend the traditional, beautiful design of Porsche with incredible driving performance. The charger will ensure that the lithium-ion batteries integrated within the vehicle floor could be recharged to the 80 percent level after just 15 minutes. Electric cars are still very much a niche market, both in the United States and Europe, where they accounted for barely one percent of sales in the first six months of 2015.

The new electric vehicle will complement a line-up comprising the 911, the smaller Cayman sports car, the Boxster roadster, the four-door Panamera coupe and the Cayenne and Macan sport utility vehicles. Porsche, which faces increasingly strict fuel emission standards from US and European authorities, been working with batteries for a few years now, with top notch results. Induction based charging via a coil is also in the pipeline and this will enable owners to charge their Porsche EV through a coil installed beneath the garage floor. Despite a massive pollution cheating scandal engulfing Volkswagen, the parent company of both Porsche and Audi, the group has said it would not compromise on investments for its future. Porsche says the 440kW battery will zip you from 0-62 mph in under 3.5 seconds. “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,” said Oliver Blue, chairman of Porsche’s executive board, in a statement.

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