Sporty and electric: Porsche planning to build Mission E super sedan

6 Dec 2015 | Author: | No comments yet »

Porsche To Release “Tesla Killer” All-Electric Sports Car By 2020 Or So.

Porsche on Friday said that it was pumping in 1 billion euros (US$1.09 billion) to bring its first all-electric car to the market by “the end of the decade,” as the German luxury sports car giant joined the race for a slice of the green car market. Porsche AG states that it will come up with a sleek all-electric four-door sports car that was first unveiled at the 2015 Frankfurt International Motor Show three months.In September, Porsche showed off the Mission E, a fully electric and fully beautiful concept made to dethrone Tesla motors as the EV industry’s king of cool.

The car dubbed “Mission E” is to boast an acceleration of 0 to 100km per hour in under 3.5 seconds and an autonomy of more than 500km on a single charge. A specially developed charger can replenish the car’s lithium-ion batteries with sufficient power for 80 percent of the range after just 15 minutes, the company said. “With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche is to maintain its front-row position with this fascinating sports car,” supervisory board chairman Wolfgang Porsche said in a statement. When the car was unveiled in September, a Porsche spokesperson only said that “production of the car would be feasible within the near future.” The car is part of a bigger push by Volkswagen Group into electric vehicles and plug-in hybrids. About 700 million euros of the investment would be spent on a new paint shop and an assembly plant in Stuttgart-Zuffenhausen, where 1,000 news jobs would also be created.

Consequently, a new assembly plant and paint shop will be erected, and the current engine factory will be broadened for the fabrication of electric motors. Hackberg is one of eight company officials suspended after VW admitted installing “defeat” devices that allowed its cars to meet emissions requirements while continuing to spew pollutants into the air. Despite a massive pollution cheating scandal engulfing Volkswagen AG, the parent company of both Porsche and Audi, the group has said it would not compromise on investments for its future. Electric cars are still very much a niche market, both in the United States and Europe, where they accounted for barely 1% of sales in the first six months of 2015. 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.

By 2020, Tesla Motors’ cheaper Model 3 should be in assembly (save for it’s delayed) as well as the all-electric sedans as pledged by host of other carmakers, such as Audi and Volvo.

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