Porsche has announced that it will invest over six billion euro (RM29 billion) by 2022 to spearhead the development of its electro-mobility division. The decision to focus on plug-in hybrids and pure electric vehicles was made during Porsche AG’s recent board meeting, with CEO Oliver Blume saying, “alongside development of our models with combustion engines, we are setting an important course for the future with this decision.”
The short-term plan will see the company invest half the sum in material assets, and over three billion euro (RM14.5 billion) in development costs. “We are doubling our expenditure on electro-mobility from around three billion euro to more than six billion euro”, said Blume.
Porsche has broken down the latter portion to allocate some 500 million euro (RM2.4 billion) for the development of Mission E variants and derivatives, around one billion euro (RM4.8 billion) for electrification and hybridisation of its existing product range, several hundred million for the expansion of sites, plus around 700 million euro (RM3.4 billion) in new technologies, charging infrastructure and smart mobility.
In Zuffenhausen, a new paint shop, dedicated assembly area and a conveyor bridge for transporting the painted bodies and drive units to the final assembly area are currently being constructed. The existing engine plant is also being expanded to manufacture electric drives, whereas a new body shop will be developed soon. Investment is also planned for the Weissach Development Centre, which will see the take in of more personnel – the Mission E project has created approximately 1,200 new job opportunities.
To recap, the Mission E is a pure electric sports car that boasts a system power of 600 hp. In concept form, Porsche says it requires less than 3.5 seconds to sprint from zero to 100 km/h, and will also be able to accelerate and brake repeatedly without any loss of performance. On a full charge, the Mission E offers a range of 500 kilometres (based on the NEDC). Charging time will also be very short – thanks to the 800-V system voltage, it takes just 15 minutes of charge to get a range of 400 kilometres.
Similarly, the second-generation Porsche Panamera range is now crowned with plug-in hybrid variants, adding credence to the automaker’s e-mobility venture. Both Panamera models – Panamera 4 E-Hybrid and Panamera Turbo S E-Hybrid – are fitted with Porsche’s third-generation plug-in hybrid drive, offering a pure electric range of 50 kilometres. The top Panamera packs 680 hp and 850 Nm from a turbocharged 4.0 litre V8 that’s married to a plug-in hybrid system.
GALLERY: Porsche Mission E spyshots
GALLERY: Porsche Panamera Turbo S E-Hybrid
Looking to sell your car? Sell it with Carro.
Porsche 800-V system voltage just takes 15 minutes of charge to get a range of 400 km is indeed commendably.
With a claim 3.5 sec to sprint from 0 to 100 km/h without roaring sound will take some time to get used to. Good job Porsche.
Wow, all car companies are investing so much on EV, PHEV and Hybrids. They know the car industry is moving in that direction.
Here in Malaysia, we are still tido. Both our national car players tak tentu arah
P2 mau bau habuk EV pun tarak.
It looks like the whole motor industry is moving towards EVs, even motorcycles are joining the fun! However, I think it will take time to change it as the whole ecosystem needs to change, not just the vehicles. We need to have charging stations readily available. Although a 15 minutes charge time is superb for today’s standards but it still takes far more time to fill up a regular car that pumps petrol. I’m not sure how we can do it here in Malaysia…I mean people can still buy such cars but it will be long before we can get the cars conveniently charged anytime, anywhere.
That’s a very “charming” design … awesome!