The official name of the Porsche Mission E is the… Porsche Taycan

Porsche 911 Mission E Rendering

Porsche 911 Mission E Rendering

Porsche on Friday introduced the official name of its battery electric vehicle as part of a ceremony in Europe marking 70 years of Porsche sports cars. The name roughly translates to, "lively, young horse", a reference to the company's logo.

Porsche is pursuing a three-pronged approach coinciding with the looming technology shift by introducing fully electric cars like the Taycan, developed under the project code name Mission E; plug-in hybrids; and combustion-engine vehicles that root back to the first 356.

The company also marked the occasion by revealing a 911 Speedster Concept, an open-top version of its iconic sports vehicle.

The Taycan is the start of a broader electrification strategy at Porsche. Some of the spotted cars have been wearing exhaust exit surrounds that were fake and fitted to hide the car's identity. By 2022, Porsche will invest 6 billion Euros in its electric vehicle programme with 500 million Euros being spent in the development of derivatives of the Taycan.

Donald Trump calls for end to Russian expulsion from G7 grouping
State news agencies quoted Kremlin spokesman Dmitry Peskov as saying, "We are putting the emphasis on other formats". "Cooperation with China is one of Russia's top priorities and it has reached an unprecedented level", Putin said .

The all-wheel-drive Taycan use two electric motors - one on each axle - drawing their power from lithium ion batteries mounted in the floor. Porsche CEO Oliver Blume told us: "We will think of different options and there will be more than one, with different levels of power". The Taycan will go on sale in 2019, offering a four-door alternative to the Tesla Model S. While final performance figures haven't been shared for the auto, Porsche is talking about a 0-62 miles per hour time of around 3.5 seconds.

To boost that range quickly, the auto will have 800-volt charging technology.

Set to likely be unveiled later in 2018-possibly at the 2018 Los Angeles auto show-the Taycan will square off with the Tesla Model S, though it will also face competition in the form of Jaguar's I-Pace and even its crosstown cousin, the Audi e-tron, when it arrives in the U.S. With this system, the car's battery pack will take only 4 minutes to get charged up to the capacity required for a 100 km range. That means the auto will be able to add as much as 100 km of range in as little as four minutes.

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