Porsche has unveiled a clear roadmap for its future electrification strategy. By 2022, the company plans to invest over 6 billion euros in electric vehicle development, with a strong focus on both plug-in hybrid and fully electric models. This significant increase in funding reflects Porsche's commitment to transitioning toward sustainable mobility while maintaining its high-performance heritage.
The announcement was made public on Porsche’s official Chinese website, following a recent meeting of the Porsche Global Board of Supervisors. In a statement, Dr. Oliver Blume, Chairman of the Porsche Executive Board, emphasized the importance of this shift: "We are doubling our investment in electrification, from around 3 billion euros to more than 6 billion. This decision not only supports the continued development of internal combustion engine vehicles but also establishes a crucial path for our future in electric mobility."
A detailed press release from the company highlights that the additional 3 billion euros will be allocated across various areas, including material assets and research and development. Approximately 500 million euros will go toward the development of the Mission E and its derivatives, while another 1 billion euros will be invested in expanding electric and hybrid models within the current lineup. The remaining funds will support new technologies, charging infrastructure, and smart mobility solutions.
Mission E, Porsche’s first all-electric sports car, delivers 600 horsepower and can accelerate from 0 to 100 km/h in under 3.5 seconds. It features a range of 500 km under the NEDC test cycle and can be charged for 15 minutes to cover 400 km, thanks to its 800-volt system. The vehicle is designed to maintain peak performance even after repeated acceleration and braking.
To support the Mission E project, Porsche has created around 1,200 new jobs. Construction is currently underway in Zuffenhausen, including a new paint booth, a dedicated assembly area, and a bridge conveyor to move painted bodies and drives to the final assembly line. The existing engine plant will be repurposed to produce electric drives, and the body shop will be expanded. Additionally, the Weissach Research and Development Center will see significant upgrades.
Porsche’s third-generation hybrid models now offer two versions with a pure electric range of up to 50 km, showcasing the brand’s ongoing innovation in hybrid technology.
In terms of charging infrastructure, Porsche has been actively expanding its network. Since 2017, the company has been building fast-charging stations and is part of the IONITY joint venture, which includes Audi, BMW, Daimler, and Ford. The goal is to install 400 fast-charging stations along major European roads by 2020, ensuring convenient and efficient charging for electric vehicle owners.
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