The Southern Courier |  Porsche will invest 720 million dollars for the electric 718

The Southern Courier | Porsche will invest 720 million dollars for the electric 718


We know that from next year the electric Porsche 718 Boxster and Cayman will be added to the Porsche offer. To make these models a reality, Porsche has announced that it will invest 720 million dollars (500 million euros) in its factory in Zuffenhausen, near Stuttgart, to increase the production of all-electric successors to its models. Europe.

Production starting next year

The production of this new crop of 718 type is expected to start next year. It should be noted that Porsche had already invested nearly a billion dollars in 2018-2019 to launch the Taycan production. Porsche is ambitious in its goals and wants fully electric vehicles to account for at least a third of its global sales by 2025 and two-thirds by 2030.

It’s already a year late

Mass production of the 718’s electric successor has been delayed by a year due to the project’s technological complexity and long-term coordination with other VW Group brands, Porsche officials said. Automobilwoche reports that Porsche is frustrated by the lack of time for the project within the group. All electric variants of the 718 are based on the technology of the Mission R race car concept that Porsche presented at the Munich Motor Show in September 2021.

Freedom of 400 km was announced in the European circuit

Porsche advertises a range of 400 km according to the WLTP protocol. This is probably equivalent to about 350 kilometers from us. The platform that will underpin the 718 models will also underpin the next electric Macan. This base is called Premium Platform Electric (PPE) and has been developed together with Audi. While the batteries for the Taycan and Macan EV are supplied by Dräxlmaier, Porsche will call on Finnish supplier Valmet for the 718s’ electric generators. Valmet will manufacture batteries in a new factory in Kirchardt, Germany, creating approximately 160 new jobs.

And news from Automotive News Europe

Text Porsche will invest 720 million dollars for the electric 718 It comes from Annual car – Automotive News