The Porsche Taycan will be the brand's first fully electric sports vehicle, which was first previewed by the Mission E concept from 2015. 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. Explaining the new moniker, Porsche Chairman Oliver Blume said in a statement, "Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomizes freedom".
It will also have a range of 300 miles. The vehicle will feature two permanently synchronous motors (PSM) that provides a total system output of over 600 PS (590 hp or 440 kW). Combined with the performance, it will have a range of over 500 km.
Porsche plans to invest more than six billion euro in electromobility by 2022, doubling the expenditure that the company had originally planned.
Elsewhere, the sports auto maker has committed to a €6 billion (£5.3 billion) investment in electromobility - including the Taycan and future variants' development, electrification of its current cars, expanding production sites as well as charging infrastructure.
Porsche Taycan EV supercar to reach UK dealerships in 2019 (gallery)
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 now being built.
Nods to Porsche history include a centre fuel filler, "Talbot" mirrors, "taped" headlights, silver white paint job and low fly line, influenced by the original 356 1500 Speedster which started the Speedster lineage. Series production of the Porsche Taycan will commence in 2019 at the Zuffenhausen factory in Germany.
Founded by Ferdinand Porsche in Stuttgart, Germany, Porsche has grown to become one of the world's most renowned luxury sports auto manufacturers. For the weekend of June 1617, Porsche will host employees, local residents and prospective customers at a celebration in and around the plant in Stuttgart. Porsche is set to lead the VW Group's fast-charging project and Blume says it's working with other organisations to bring such a network to being.