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Old 6th February 2018, 17:22   #1
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Default Porsche to double investment in electric car project

Porsche has announced that it will increase its planned investment of € 3 billion to more than € 6 billion by 2022 in the field of e-mobility. The investment will be used to upgrade its Stuttgart factory, develop the all-electric Mission E car and add more fast chargers in Europe.

The increased budget will enable the company to construct a new paint shop and a dedicated assembly area along with a conveyor bridge in the factory. The conveyor belt will be used to transport painted car bodies and drive units to the final assembly area. The engine plant and the body shop are also being expanded to accommodate electric powertrains.

Out of the additional investment, Porsche plans to use € 500 million in the development of the Mission E electric car and its derivatives. The company claims that the vehicle will produce over 600 BHP and will be able to accelerate from 0 to 100 km/h in under 3.5 seconds. The company also claims that it will also be able to repeatedly brake and accelerate without any performance degradation and offer a range of about 500 km on a single charge. It will use an 800V system and can be charged enough to get a range of 400 km in 15 minutes. Porsche also claims that about 1,200 new jobs have been created on account of the Mission E electric car programme.

Porsche will also be getting into an alliance with Mercedes, Audi, BMW and Ford for setting up rapid chargers along main highways in Europe. Called Ionity, the joint venture aims to set up more than 400 such fast chargers by 2020. Hence, the company is setting up a charging infrastructure at its European dealerships. It plans to do the same at 189 dealer partners in the United States. Recently, the company installed 6 fast chargers at the Porsche Experience Center in Atlanta.

Currently Porsche sells hybrid versions of the Panamera in Europe. The company is planning to start sales in US from the spring of 2018. The company has claimed that hybrid version accounts for over 60% of Panamera sales in Europe, with the highest being at 90% in Scandinavia.

Porsche to double investment in electric car project-dscn4599.jpg

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Last edited by blackwasp : 6th February 2018 at 17:32.
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