Is that an electrically powered Porsche approaching in the distance? The German sports car maker has given the green light for a project called Mission E, with the aim of launching a new EV by the end of the decade.

Porsche also announced a major program of expansion and upgrades at its Stuttgart-Zuffenhausen plant, which includes expanding the existing engine factory for the production of electric motors.

The Mission E concept, which debuted at the Frankfurt Motor Show in September, is a four-door car with a system power output of 600 hp (440 kW). It features a floor-mounted battery pack and a range of over 500 kilometers. Porsche developed an 800-volt charger specially for the vehicle, and also demonstrated a wireless charging system.

“With Mission E, we are making a clear statement about the future of the brand,” said Dr. Wolfgang Porsche, Chairman of the Supervisory Board. “Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car.”

“We are resolutely taking on the challenge of electric mobility,” said Chairman of the Executive Board Dr. Oliver Blume. “Even with solely battery-powered sports cars, Porsche is remaining true to its philosophy and offering our customers the sportiest and technologically most sophisticated model in this market segment.”

Source: Porsche