For some time now, Porsche has been looking to tap into the all-electric vehicle market with the biggest competitor being Tesla. On Friday, Porsche – a German automaker – announced that it would invest a whopping $1.09 billion in new facilities to produce a super sleek Porsche model – an all-electric Mission E sports car. The facility will also create over 1,000 jobs. Mission E was first announced a couple of months ago during the Frankfurt Motor Show in September, and it was perfection. Porsche, at the time, claimed that Mission E will hit production in the next five years. It was announced now that the car will hit showrooms by the end of 2020, pretty much on schedule. Chairman of Porsche Mr. Wolfgang Porsche said,
With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car.
Currently, it’s uncertain whether the production model of Mission E will have all the same technology as shown in the concept, but one thing is for sure, if this car is indeed Porsche’s Tesla Killer then the battery promises will hold true. Mission E will have an impressive range, and be superfast too. It will be powered by a lithium-ion battery, travel up to 310 miles on one charge, charge up to 80% in just 15 minutes, and with all that it will be able to hit 62 mph in just 3.5 seconds. The car will also be boast wireless charging.
Tesla’s Model S (top-end) currently has a range of over 250 miles per charge and it can hit 0 to 60 mph in about 3.1 seconds. While it does not match Mission E, Tesla does have five years to come up with a major competition. For now, take a look at the concept video of the magnificent Mission E below and let us know how you feel.