The Mission E concept generates almost 600bhp via a lithium-ion battery and two electric motors, one on each axle.
What else do we know about the Taycan? The automaker says that the names translates as "lively young horse", which is a reference to the prancing horse in their badge that you probably didn't notice before just now. So now you know.
With the Taycan, pronounced tie-con, Porsche is taking dead aim at Tesla, whose Model S sedan has quickly become the high-tech vehicle of choice in the premium market with a price of around $100,000.
The Eurasian name also signifies the launch of the first electric sports auto with the soul of a Porsche. Its two electric motors will produce a net output in excess of 600 horsepower, and it'll hit 60 miles per hour in less than 3.5 seconds.
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Like a horse, Porsche says the Taycan will be strong, dependable, and able to cover long distances.
The vehicle had previously been known as the Mission E. 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 USA ones. And with good reason, the Mission E's specs are truly remarkable and may ultimately sway some prospective Model S buyers to side with Porsche instead. Tesla now has stores where its cars and solar products are sold, and soon will add fix centers, but they do not present themselves as traditional dealerships.
Oliver Blume, Chairman of the Executive Board of Porsche AG. The existing engine plant is being expanded to manufacture electric drives and the body shop will also be developed. And Taycan will arrive in 2019.
Porsche's original goal had been to spend three billion euro ($3.53bn) on electromobility by 2022.
Interest in the Taycan has already been huge, Porsche says, though sales aren't expected to kick off in the United States for some time yet.