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Porsche will build a production version of the Mission E concept as the brand's first all-electric vehicle to take on the Tesla Model S.

Porsche has approved a 1 billion-euro ($1.09 billion) investment to produce the battery-powered sports car, the Volkswagen Group unit said today in a statement. It will be manufactured near the company's headquarters in Stuttgart and will create 1,000 jobs.

The model will enter showrooms at the end of the decade, Porsche said.

Porsche caused a stir at the Frankfurt auto show in September when it unveiled the four-seat Mission E concept, whose acceleration to 100 kph (62 mph) in less than 3.5 seconds beats the 911’s 4.2 seconds to reach that speed.


2015 Frankfurt Motor Show (IAA)






















































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Porsche Approves $1.09 Billion Mission E Project To Oblitereate The Tesla Model S Once And For All

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