Porsche Mission E electric sedan approved for production

Porsche has given the green light to an electric sedan, based on the Mission E concept car, which will tackle the Telsa Model S head on.

It’s unlikely that the new all electric sedan will badged as the Mission E, but Porsche says that it is the “beginning a new chapter in the history of the sports car” and that the new EV will on the market by the end of the decade.

Porsche will spend €700 million on upgrading its factory in Zuffenhausen in order to prepare it for production of the new car. Money spent will mean that the factory has a new paint shop and assembly plant, a larger body section, as well as an engine plant that can produce electric motors.

There will be also be extra investment in the Weissach R&D center. Around 1,000 jobs will be created by the Mission E.

The Mission E concept, unveiled at the 2015 Frankfurt Motor Show, has four doors, four seats, and electric motors generating a total of 440kW (600hp).

It can go from 0 to 100 km/h in under 3.5 seconds and has a range of over 500 kilometers (310mi). An 800V charging system can recharge the lithium ion batteries to 85 percent in 15 minutes. It also has wireless changing at the front.