Mexican Media Brands
Porsche Doubles Investment in Electrification to €6 Billion
Porsche AG plans to spend more than €6 billion ($7.4 billion) by 2022 to develop and introduce plug-in hybrid and all-electric vehicles—twice the size of the previous budget.
#hybrid
Share
Porsche AG plans to spend more than €6 billion ($7.4 billion) by 2022 to develop and introduce plug-in hybrid and all-electric vehicles.
The Volkswagen Group company previously planned to spend €3 billion on so-called e-mobility over the same period. The company says the doubled budget will be split approximately equally between material assets and product development.
Porsche notes that about 60% of European customers for its redesigned Panamera sport sedan are opting for the car’s hybrid powertrain option. Both variants of the system can propel the car for as many as 50 km (31 miles) in electric-only mode. The hybrid Panamera will go on sale in the U.S. this spring.
Porsche first all-electric car, the Mission E, will make 600 hp, sprint from zero to 100 kph in less than 3.5 seconds and be able to travel roughly 500 km (310 miles) per charge. A high-power, 800-volt charging system can replenish the battery for 400 km of range in about 15 minutes. The Mission E is expected to go on sale at the end of 2019.
RELATED CONTENT
-
Electric Trucks Emerging
Rudolph Diesel—who, incidentally, died mysteriously while traveling by a post office steamer on the English Channel in 1913—must be rolling in his grave.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.