Porsche's first all-electric vehicle will be called the 'Taycan'

Porsche 911 Mission E Rendering

Porsche 911 Mission E Rendering

Porsche's upcoming first electric sedan has a new name.

Personally, I'm not a fan of the Taycan name, but the vehicle's specs more than make up for what is arguably a clunky and uninspiring moniker. Porsche claims that multiple launches in a row will be possible without a loss in performance, and maximum range will be over 300 miles, per testing under New European Driving Cycle (NEDC) standards that are usually a bit more generous than US ones. Porsche announced the name for its first purely electric model as part of the "70 years of Porsche Sports Cars" ceremony. Porsche has said that when the Taycan goes on sale, it'll recharge from empty to 80 percent in 20 minutes, which the company has already called "Turbo Charging". The company says the Taycan will be able to go from 0 to 100 kph in 3.5 seconds and will have a range of 500 km and rapid 800-volt charging. Full-electric and hybrid-electric cars will account for 25 percent of sales by 2025, the automaker said. The four-door, four-seat Taycan's floor-mounted batteries point to an extremely low centre of gravity and handling to match more focused performance machines. "The name has its linguistic roots in the East", it claims. And we thought Volkswagen using Touareg was bad.

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Porsche's first electric auto will go on sale in late 2019.

As for how much you'll have to spend to have one on your drive, that's another fact which Porsche is playing close to its corporate chest. Today, it has announced that it's doubling that investment. Porsche also says that it has "a continuous power level that is unprecedented among electric vehicles".

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Charging infrastructure and other "smart mobility" expenses will soak up around 700 million euro, Porsche expects.

Porsche says a new paint shop, a dedicated assembly area, and a conveyor bridge for transporting the painted bodies and drive units to the final assembly area all are now being built. The existing engine plant is being expanded to manufacture electric motors, and a new body shop will also be developed.

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