Porsche names Mission E the Porsche Taycan; doubling investment in electromobility by 2022 to €6B; €500M for Taycan & derivatives
09 June 2018
Series production of the first purely electric Porsche is set to begin next year. The vehicle, previously operating under the working title "Mission E”, has now been given its official name: Taycan.
Porsche says that the name can be roughly translated as “lively young horse,” referencing the imagery at the heart of the Porsche crest, which has featured a leaping steed since 1952.
The Eurasian name also signifies the launch of the first electric sports car with the soul of a Porsche. Porsche announced the name for its first purely electric model as part of the “70 years of Porsche Sports Cars” ceremony.
Two permanently activated synchronous motors (PSM) generating a system output of more than 600 horsepower accelerate the electric sports car to 60 miles per hour in well under 3.5 seconds and to 124 miles per hour (200 km/h) on the track in less than twelve seconds.
The Porsche Taycan will also offer a consistent level of power; multiple launches in a row will be possible without a loss in performance, and the vehicle’s maximum range will be more than 300 miles (483 km) as measured in accordance with the New European Driving Cycle (NEDC).
At Porsche, the vehicle names generally have a concrete connection with the corresponding model and its characteristics. The name “Boxster” describes the combination of the boxer engine and the roadster design; Cayenne denotes fieriness; the Cayman is sharp and agile; and the Panamera, inspired by the Carrera Panamericana long-distance race, offers more than any standard sedan. The name Macan is derived from the Indonesian word for tiger, with connotations of suppleness, power, fascination, and dynamics.
Future investment doubled. Porsche plans to invest more than €6 billion in electromobility by 2022, doubling the investment that the company had originally planned.
Of the additional three billion euros, some €500 million (US$581 million) will be used for the development of Taycan variants and derivatives.
Around €1 billion will go for electrification and hybridization of the existing product range, several hundred million for the expansion of production sites, and around €700 million for new technologies, charging infrastructure, and smart mobility.
Construction and expansion at the Stuttgart-Zuffenhausen headquarters. At the Porsche headquarters in Stuttgart-Zuffenhausen, a new paint shop, dedicated assembly area for the Taycan, and a conveyor bridge for transporting the painted bodies and drive units to the final assembly area all are currently being built.
The existing engine plant is being expanded to manufacture electric motors, and a new body shop will also be developed. Investments are also planned for the Weissach Development Center. Production of the Taycan is creating around 1,200 new jobs in Zuffenhausen alone.
Slower than Tesla, bold move Porsche :)
Posted by: TeslaRedux.co | 09 June 2018 at 08:23 AM
Yeah, I just looked that up. This thing is about as quick as the P85D was, 4 years ago.
Posted by: Engineer-Poet | 09 June 2018 at 04:23 PM
Maybe slower than Tesla on the first launch but not on the second. I would also guess that the Porsche is better on the race track.
Now, how does the NEDC range rating compare with the EPA rating. I wish we had a unified rating that was realistic. I believe that there is a new World rating but I am not sure how that compares with EPA either.
Posted by: sd | 10 June 2018 at 07:28 AM
The Tesla's S and X models are good for one hot lap on a track,then they overheat and cut back on the available power. The model 3 has already proven it can run multiple laps...looks like the 3 is the better track car.
You can bet as sd infers, the Porsche will be track ready.
Posted by: Lad | 10 June 2018 at 03:24 PM
I don’t drive my car on a track. I want safe, reliable, good value, beautiful, practical (seating, cargo) and responsive in real road conditions.
My Tesla S and 3 check every box. Never needed to do a second hot lap. Ever.
If Porsche delivers on my list, will be interested. But on a value basis, the Model 3 will be hard to beat.
Posted by: electric-car-insider.com | 10 June 2018 at 05:35 PM
eci, If you are looking for value, I would expect that the GM Bolt is a better value. The May issue of SAE Automotive Engineering had an interesting commentary on a competitive tear down on a Tesla 3. They said it was 2 different vehicles. The electronics were state-of-the-art but the chassis design was dated.
Posted by: sd | 10 June 2018 at 08:38 PM
I don't know why they are quoting NEDC as Europe has moved to the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) last year.
Posted by: Thomas Lankester | 11 June 2018 at 05:37 AM
They are quoting NEDC so that they can say 300 miles instead of 250 miles WLTP or 200 miles EPA. At least they didn’t quote JC08 results.
Posted by: Gasbag | 11 June 2018 at 10:48 AM