The first 100% electrically powered Porsche is launhing at the end of the decade, as the supervisory board of the Porsche AG today gave the green light for the 'Mission E project.' With the Mission E project, Porsche will create 1,000 new jobs in Stuttgart-Zuffenhausen site and will invest around 700 million euros in its main site there. Over the next few years, a new paint shop and a new assembly plant will be built. The existing engine factory is also being expanded for the production of electric motors.

The Mission E concept car first appeared at the Frankfurt International Motor Show (IAA) in September. The car combines Porsche's driving performance with trendsetting day-to-day practicality. The four-door car with four individual seats has a system power output of over 440 kW (600 PS).The vehicle will thus achieve both acceleration of 0 to 100 km/h in under 3.5 seconds and a range of more than 500 kilometres.

Charged via an 800-volt charger unit specially developed for the car, which is twice as powerful as today's quick-charge systems, the lithium-ion batteries integrated within the vehicle floor have enough power again for 80 percent of the range after just 15 minutes - about half the time needed to recharge Tesla’s Model S, which has a version capable of traveling as far as 528 kilometers. The vehicle can optionally be 'refuelled' wirelessly by induction via a coil set into the garage floor.