Along with the name, Porsche also hinted at some specifications and details of the final production model.
A screengrab from the Porsche Taycan name announcement video.
Taycan means "a lively, young horse" and is inspired by the stallion engraved in the legendary Porsche logo.
Like a horse, Porsche says the Taycan will be strong, dependable, and able to cover long distances. On Friday, though, the worls at least learned a name of the vehicle that could be the first to give Tesla a run for its money. But it will run on electricity.
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Two permanently activated synchronous motors (PSM) generating a system output of over 600 horsepower accelerate the electric sports auto to 60 miles per hour in well under 3.5 seconds and to 124 miles per hour (200 km/h) on the track in less than twelve seconds. Automakers are spending billions as they face a period of unprecedented change - stricter environmental regulations are forcing them to offer more battery-powered vehicles even as combustion-engine cars still generate the vast majority of profits. The big drain of maximum power can tax the charging (or discharging) system of an electric powertrain and hinder performance.
Interest in the Taycan has already been huge, Porsche says, though sales aren't expected to kick off in the USA for some time yet. That means the vehicle will be able to add as much as 100 km of range in as little as four minutes.
Porsche's original goal had been to spend three billion euro ($3.53bn) on electromobility by 2022. Of that, €500 million of that will go to Taycan variants, with €1 billion toward electrification and hybrid versions of the existing range.
Porsche says a new paint shop, a dedicated assembly area, and a conveyor bridge for transporting the painted bodies and drive units to the final assembly area all are now being built. From the start, the plant can build 20,000 vehicles a year, but there's room to expand. The Taycan should hit showrooms towards the end of next year.