Porsche plots se­ri­ous progress in elec­tric cars by 2022

911 Porsche World - - News And Views -

Porsche has an­nounced plans to in­vest no less than six bil­lion eu­ros into de­vel­op­ing pure-elec­tric and plug-in hy­brid cars by 2022. The plan rep­re­sents a dou­bling of Porsche’s ex­ist­ing com­mit­ment to so-called elec­tro­mo­bil­ity.

“We are dou­bling our ex­pen­di­ture on elec­tro­mo­bil­ity from around three bil­lion euro to more than six bil­lion euro”, ex­plains Oliver Blume, Chair­man of the Ex­ec­u­tive Board of Porsche AG. “Along­side de­vel­op­ment of our mod­els with com­bus­tion en­gines, we are set­ting an im­por­tant course for the fu­ture with this de­ci­sion.”

The money will be split roughly equally be­tween plant and in­fra­struc­ture on the one hand and de­vel­op­ing new car mod­els on the other. Of the circa three bil­lion ad­di­tional eu­ros ear­marked in the new plan, Porsche says 500 mil­lion will fund the pro­duc­tion ver­sion of the Mis­sion E pure-elec­tric cars and vari­ants of that model, one bil­lion eu­ros will be spent on elec­tri­fy­ing and hy­bri­dis­ing ex­ist­ing mod­els and 700 mil­lion will go on new tech­nolo­gies in­clud­ing charg­ing sta­tions.

Part of that is a pro­posed new charg­ing net­work. Porsche and Audi are rep­re­sent­ing the VW Group in Ionity, a joint ven­ture with the BMW Group, Daim­ler AG and Ford Mo­tor Com­pany. The aim is to con­struct 400 pow­er­ful rapid charg­ing sta­tions along the ma­jor Euro­pean traf­fic routes by 2020. Con­struc­tion be­gan back in 2017. The Porsche dealer net­work is also set to be­come part of this rapid charg­ing in­fra­struc­ture.

At Porsche’s Zuf­fen­hausen plant, mean­while, a new paint shop, ded­i­cated assem­bly area and a con­veyor bridge for trans­port­ing the painted bod­ies and drive units to the fi­nal assem­bly area are cur­rently be­ing con­structed. The ex­ist­ing en­gine plant is be­ing ex­panded to man­u­fac­ture elec­tric drives and the body shop will also be de­vel­oped. In­vest­ment is also planned for the Weis­sach De­vel­op­ment Cen­tre. Over­all, the Mis­sion E project has cre­ated ap­prox­i­mately 1200 new jobs and looks set to dic­tate the char­ac­ter and shape of Porsche and its prod­uct port­fo­lio.

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