A release from the Stuttgart maker stated that the "first 100% electrically powered Porsche is on its way", following a decision from the supervisory board to build the EV and get it into showrooms before the end of this decade.
Another sedan in the Porsche ranks? Really? Well, we've seen plenty of times that the brand is still testing the second-generation Panamera, as the current version has been around since 2009 and was facelifted in 2013. And as you can see below, there's more than a passing resemblance between the two cars...
However, the Mission E concept car is built on a new platform that houses underbody lithium-ion batteries in the wheelbase and electric motors front and rear, with the powertrain producing 440kW of power and offering acceleration of "under 3.5 seconds" from 0-100km/h.
It is said to have driving range of "more than 500 kilometres", and it is charged by an 800-volt charger "which is twice as powerful as today's quick-charge systems", and 80 per cent of the car's range can be redeemed in just 15 minutes. Further, the car can optionally be charged with a wireless inductive charge system, which eliminates the potential tangles and time wasting that plugging in can involve.
According to the company the investment involves is "around a billion euros" (that's AUD $1.48bn), and the chairman of the executive board of Porsche, Dr Oliver Blume, said the announcement is "beginning a new chapter in the history of the sports car."
As well as a significant monetary investment, Porsche claims that more than 1000 jobs will be created as a result of the project's home base in Stuttgart-Zuffenhausen, and at the Weissach development centre.
"We are resolutely taking on the challenge of electric mobility," Blume said. "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."