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Porsche to invest 700 million euros in electric Mission E

Staff writer ▼ | December 4, 2015
The first 100% electrically powered Porsche is on its way and it will be launched at the end of the decade.
Mission E
Electric cars   The first 100% electrically powered Porsche
The supervisory board of the Porsche AG today gave the green light for the Mission E project.

With the Mission E project, Porsche is continuing to back sustainable growth. In Stuttgart-Zuffenhausen alone more than 1,000 new jobs are being created. The company will be investing around 700 million euros in its main site there.

Over the next few years, a new paint shop and a new assembly plant will be built. The existing engine factory is also being expanded for the production of electric motors. In addition, the existing body shop is being enlarged.

On top of that come other areas in which the company will be investing in this context, such as in the Weissach development centre.

The Mission E concept car celebrated its premiere at the Frankfurt International Motor Show (IAA) in September.