Porsche AG gives green light to its Mission E project

With the sanctioning of the Mission E project, Porsche will be investing quite bit in terms of facilities and man power to take its sustainable mobility initiative forward

The supervisory board of Porsche AG has given a go ahead for its Mission E project. The company will be investing around 700 million Euros at Porsche’s main facility in Stuttgart, Germany for the Mission E in a move to back sustainable growth. This will also allow the company to create 1,000 new employment opportunities. A new assembly plant and paint shop will be setup for the same. The company’s existing engine factory is being expanded to accommodate production of electric motors while the existing body shop is also being expanded.

The Porsche Mission E concept was first showcased at the 2015 Frankfurt Motor Show. The futuristic sportscar is designed to combine driving pleasure and practicality as a four-door coupe. The car is powered by two permanent magnet synchronous motors (PMSM) and lithium ion batteries. The Mission E packs in 591bhp of max power, which gives the car a 0 – 100 km/h time of 3.5 seconds and a driving range of over 500 kilometers. The car is charged via an 800 volt charger specially developed for it. It can also be wirelessly recharged via a floor coil.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG: "With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car."

"We are resolutely taking on the challenge of electric mobility. 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," said, Chairman of the Porsche Executive Board, Dr. Oliver Blume.

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