Porsche’s “Mission-E” EV Project Gets The Green Light

Porsche will invest around one billion euros while creating more than 1,000 new jobs as their Mission E project officially gets under way.

Roughly 700 million euros will go to its Stuttgart-Zuffenhausen site alone, while a new paint shop and a new assembly plant will be built over the next couple of years.

The current engine factory will also be expanded in order for Porsche to produce the electric motors, which will coincide with the enlargement of the body shop.

According to Dr. Oliver Blume, Chairman of the Executive Board at Porsche, his company is “beginning a new chapter in the history of the sports car.” A chapter well on its way to being “published”, as the production-ready car could be launched at the end of the decade.

The Mission E concept first showed up at the Frankfurt Motor Show back in September, where both visitors and media alike were impressed by its total system power output of over 600 HP (440 kW), 3.5 second 0-100 km/h sprint time and its 500+ km (over 310 miles) range.

Blume added that Porsche is looking to offer customers “the sportiest and technologically most sophisticated model in this market segment”, which might just be the case unless someone else comes out with a similar car before the year 2019.

In terms of practicality, the Mission E concept was promoting a lithium-ion integrated battery. It was charged to 80 percent of its capacity in an impressive 15 minutes via an 800-volt unit, while there is also an option of wireless charging through a coil in the garage floor.

“This heralds the dawn of a new age in Zuffenhausen and Weissach”, said Uwe Huck, Deputy Chairman of the Porsche AG Supervisory Board. “Digitization will be growing up with us. And Factory 4.0 will be a major challenge for the workforce, trade union and employer. We will be taking new approaches but not giving up on the social aspects. With today’s decision, Porsche is driving flat out with no speed restrictions into the automotive and industrial future.”