The development plan includes doubling their current investment in electric tech, resulting in over six billion euros towards the future of electric Porsches. “Alongside development of our models with combustion engines, we are setting an important course for the future with this decision,” says Oliver Blume, Chairman of the Executive Board of Porsche AG.
Why You Should Buy A Porsche 911R
Within this investment are a few notable developments. If you recall, Porsche introduced the Mission E concept two years ago as the brand's first fully-electric vehicle. Now, the investment that Porsche is planning on making will include variants and derivatives of the Mission E.
Current plans for Porsche's electric expansion include:
- One billion into electrification and hybridization of current range
- Several hundred million into expansion of sites
- 700 million euro into new tech, charging infrastructure and smart mobility
- Expanding existing Zuffenhausen engine plant for manufacturing of electric drives
