Porsche Is Charging Ahead With Mission E 'Tesla Killer' Electric Car

As reported by Forbes: Even Porsche is gunning for Tesla Motors these days. After floating the Mission E pure electric concept in September, Porsche is going ahead with production of the vehicle.

“The first 100% electrically powered Porsche is on its way. It will be launched at the end of the decade,” Porsche said Friday in a statement. Some highlights from the announcement:

Unveiled at the Frankfurt Motor Show, 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. 

With the Mission E project, Porsche is continuing to back sustainable growth. In Stuttgart-Zuffenhausen alone more than 1,000 new jobs are being created. The company will be investing 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. In addition, the existing body shop is being enlarged. On top of that come other areas in which the company will be investing in this context, such as in the Weissach development centre.

Other goodies include: an 800-volt charger that juices up the battery to 80 percent of the range in about 15 minutes. And the vehicle can optionally be recharged wirelessly by induction via a coil set into the garage floor, Porsche said.

The giant asterisk to all of the above is of course that Porsche is doing this by the end of the decade. The Tesla Model S is here and now.