Bound Porsche Mission E christened Porsche Taycan

No horsing around

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. We'll re-visit the Mission E's specs shortly, but for now you should know that Porsche's upcoming EV will not, in fact, be called the Mission E when it becomes available for purchase in 2019.

The future Tesla Model S rival's J1 structure is one of three new electric vehicle platforms being developed within Porsche's parent company, the Volkswagen Group.

Taycan, roughly translated as "lively young horse", according to Porsche, references the imagery at the heart of the the brand's crest, which features a leaping horse. 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.

The Taycan's four-seat interior suggests it will be more closely aligned, in terms of character, with the Panamera than pure sports cars such as the 911. But it will run on electricity.

Porsche's got a history with names that are a bit, shall we say, different.

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

The Taycan will have a range of 500 km and be able to accelerate from zero to 100 km/h in 3.5 seconds. That's double what it had originally planned.

Besides confirming the name, Porsche CEO Oliver Blume revealed the Taycan will be powered by two electric motors that produce a combined output of more than 592 hp (441 kW / 600 PS).

At Porsche HQ in Stuttgart this company is in the process of building a new paint shop and dedicated assembly area for the Taycan. The brand's first EV will feature 800V charging technology that is meant to future-proof the auto for several years after it hits the market.

The central location of the batteries and twin-motor set-up will also give the car's technical architecture a better front-rear weight balance than combustion-engined cars, potentially allowing Porsche's engineers to soften the car's anti-roll bars to aid ride without hindering handling.

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