Porsche’s upcoming all-electric SUV to slot above the Cayenne in its range is taking shape and should hit the market in 2027.

We’ve known about the company’s plans for a flagship electric SUV since last September but more information about the vehicle has emerged. Currently codenamed K1, Porsche chief executive Oliver Blume says the vehicle will be “a very sporting interpretation of an SUV,” and will probably be based on the automaker’s Premium Platform Electric (PPE) architecture.

The SUV was originally going to use the VW Group’s Scalable Systems Platform but delays in perfecting this platform have necessitated a switch. Nevertheless, the new Porsche should get an upgraded version of the PPE architecture that includes a 920-volt electric system to improve charging speeds.

Read: Porsche To Introduce Three-Row Electric SUV That’s “Very Un-Porsche-Like”

 Porsche’s Next All-Electric SUV To Slot Above The Cayenne Will Debut In 2027

Autocar suggests that Porsche will equip the vehicle with a battery pack of over 100 kWh and that its range should exceed 435 miles (700 km).

Porsche has been working on the K1 for the last three years and believes that it could prove particularly popular in markets including North America and China. It will apparently feature a short hood and a liftback-style tailgate, ensuring it is easily identifiable from the Cayenne and Macan. Other highlights of the SUV could include adjustable air suspension, four-wheel steering, and an electronic differential providing torque vectoring.

The new model will come to the market after the electric Macan, electric Boxster/Cayman models, and the electric version of the Cayenne. It is tipped to cost significantly more than the already-expensive Porsche Cayenne Turbo GT.

Porsche is expected to build the new electric SUV at the same Leipzig factory that will handle the production of the electric Macan.

 Porsche’s Next All-Electric SUV To Slot Above The Cayenne Will Debut In 2027