Money will go into several fields, including electrificaton/hybridisation of product range, development of charging technologies and spreading the existing facilities

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Porsche nearly being ready to reveal its first fully electric car, the Mission-E is hardly a news today. We are also aware that German company is keen on developing other electric models in the near future. This however looks like even more important part of companies (near) future, maybe because of success of current plugin models, like Panamera (half of new cars are being equipped with hybrid power plant), but the fact is, Porsche is about to invest even more money in development of electric mobility.

How much more? A lot. According to first plans, Porsche were to invest around three billion euros in development of electric cars. This number has now doubled to six billion which are planned to be invested into several fields all by the year 2022, which means only in next four years.

400 new charging stations through the joint project Ionity

"We are doubling our expenditure on electro mobility from around three billion euro to more than six billion euro", explains Oliver Blume, Chairman of the Executive Board of Porsche AG. "Alongside development of our models with combustion engines, we are setting an important course for the future with this decision."

From additional founds round 500 million euros are about to be invested in development of Mission-E and its derivatives/variants. Next, around one billion is about to be invested in electrification and hybridization of current product range, 700 million in development new technologies, charging infrastructure and smart mobility. The rest of the money will be spent in facilities in Zuffenhausen factory and Weissach, where research center is.

Part of mentioned 700 million euros, that are to be invested in new technologies will be spent on project Ionity, a joint venture by BMW, Audi and Ford, which plans to build some 400 fast-charging stations all-around Europe. This project already begun in 2017 and is to be finished in the year 2020.

Jure Šujica
Photo: Porsche

Feb. 5, 2018 Driving photo: Porsche

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