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Porsche gives all-electric Mission E the go-ahead

The supervisory board at Porsche HQ have given the green light to the company's first 100 per cent electric car.

Confirming the Mission E project, Dr. Oliver Blume, Chairman of the Executive Board, at Porsche described the news as: "beginning a new chapter in the history of the sports car."

The Mission E concept car debuted at the Frankfurt Motor Show in September. The electric sports car combines 'outstanding driving performance' with day-to-day practicality. The four-door car with four individual seats has a system power output of over 600 hp (440 kW) and will accelerate to 62mph in under 3.5 seconds while offering a range of more than 310 miles. Charged via an 800-volt charger unit specially developed for the car, the lithium-ion batteries integrated within the vehicle floor have enough power again for 80 percent of the range after just 15 minutes. The vehicle can optionally be 'refuelled' wirelessly by induction via a coil set into the garage floor.

With the Mission E project, Porsche says it is 'continuing to back sustainable growth' with more than 1,000 new jobs are being created. The company will be investing around 700 million euros in its main site. Over the next few years, a new paint shop and a new assembly plant will be built. The existing engine factory is also being expanded for the production of electric motors. In addition, the existing body shop is being enlarged.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG: "With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car."

Dr. Oliver Blume continued: "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."

The new vehicle is due to be launched at the end of the decade.