Porsche will begin production of the Taycan later this year. It translates as "lively young horse" and is a reference to the horse that's been rearing up on its hind legs on the Porsche badge since 1952. The electric sports vehicle is expected to go on sale at the end of 2019. Porsche says a four minute charge will be good enough to deliver approximately 100 km (62 miles) of range. "Multiple jump starts are possible in succession without loss of performance", Porsche says. From that additional investment, $588 million will be spent on the Taycan and its derivatives, which may include higher performance models or taller wagon Cross Turismo, another $1.2 billion for electrifying current Porsche vehicles, and more than $800 million for charging infrastructure and further research.
Safeguarding Porsche's cachet and healthy profit margins as the company makes huge investments in electric cars and new digital services is vital for parent Volkswagen AG.
Porsche both needs electrification to comply with tougher emissions rules and is embracing the technology because it allows for sporty driving that dovetails with the brand, he said.
Now, sit back and watch as the Porsche fanatics debate the new name.
Tesla CEO Elon Musk's naming strategy is racier in a different way: He was shooting to have the Model Line up read S, E, X, Y, until Ford scuppered his "E".
The Taycan is expected to go on sale late next year.
Zellmer adds that the prototype vehicle that recently lapped the company's Porsche Experience Center in Los Angeles - sometimes driven by celebrity guests such as Maroon 5 singer and auto buff Adam Levine - is a "close approximation" of the finished product.
The Taycan is now tested in prototype form and shouldn't be much different from the Mission E concept, at least performance-wise.
The Taycan will be built in Stuttgart next year, and Porsche said it has invested hundreds of millions of dollars in new paint shops, motor factories, and transport.
The all-wheel-drive Taycan use two electric motors - one on each axle - drawing their power from lithium ion batteries mounted in the floor.
Finally! After 43 years, Capitals win first Stanley Cup
And there was reason to believe they might experience it again Thursday, when Vegas carried a 3-2 lead into the third period. Much of the answer lies in who the owner, Bill Foley, hired as the club's first general manager in the summer of 2016.