A new leaping steed to take on Tesla

Porsche has announced its first all-electric model, previewed by the Mission E, will be known as the Taycan when it enters production next year.

According to Porsche, the Taycan name is a Eurasian word that roughly translates to "lively young horse" and is a reference to the "leaping steed" on the company's badge.

The name was announced overnight during an event to celebrate 70 years since it registered its first car, the 356 'No 1' Roadster.

Porsche says the Taycan will feature two electric motors generating a total more than 440kW. The new sedan promises to race from 0-100km/h in under 3.5 seconds, and hit 200km/h within 12 seconds. Range will reportedly be over 500km under the NEDC testing scheme, although we're holding our breath to hear how that range looks under WLTP.

The first Mission E concept (above) was unveiled at the 2015 Frankfurt motor show, and was subsequently approved for production later that year. An elevated wagon version, the Mission E Cross Turismo concept, was revealed at the 2018 Geneva show.

Porsche has expanded its factory in Zuffenhausen to produce the Taycan. Earlier this year it confirmed it will double its spending on electric vehicle projects to €6 billion ($9.3 billion) until 2022, including an extra €500 million developing variants based on the Taycan.

Australia

Chris Jordan, head of public relations for Porsche Australia, confirmed the Taycan will be here in 2020.

Like it? Love it? Loathe it? Let us know what you think of the Taycan name in the comments section below.