The all-electric Porsche Mission E is now Porsche Taycan

The all-electric Porsche Mission E is now Porsche Taycan

Start your engines. Moving from concept to production next year, Porsche has announced the official name for the vehicle that has been known as Mission E until now.

The production Taycan is expected to be formally revealed later this year and begin rolling off the assembly line next year.

The new name is said to be a Eurasian term that roughly translates to "lively young horse", evoking Porsche's familiar crest and ushering in an era of electric power for the performance marque.

"Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomises freedom", said Oliver Blume, Chairman of the Executive Board of Porsche AG.

A decision on whether this vehicle will also be put into production will be made "in the coming months", according to Porsche.

Porsche claims the Taycan, which will hit 100kph from standstill in 3.5 seconds, will have a range of 500km and will able to gain 100km of range in a mere four minutes of charging.

The name Boxster describes the combination of the boxer engine and roadster design; Cayenne denotes fieriness, the Cayman is incisive and agile, and the Panamera offers more than a standard Gran Turismo, which is what allowed it to win the Carrera Panamericana long-distance race.

Porsche has also pledged its commitment to an electric future, saying it will invest some six billion Euros into electrification by 2022, double its original planned budget. 500 million Euro will be spent on developing variants of the Taycan, which may follow similar nomenclature to Porsche's current lineup: S, GTS etc, although this isn't confirmed.

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