Porsche will not only be producing high performance coupes, crossovers and wagons in the near future. The company announced that they will be manufacturing a production version of the Mission E concept.

First making its official debut at the 2015 Frankfurt Motor Show, the Mission E is Porsche's take on an all-electric four-door, sports saloon that is capable of producing 600 PS, while also featuring a sleek exterior, along with a minimalist and advanced interior. It can go from 0 to 100 km/h in 3.5 seconds, boast of a maximum range of 500 km and can be recharged to 80% in as quick as 15 minutes.

Front of the Porsche Mission E concept

“With Mission E, we are making a clear statement about the future of the brand. Even in a greatly changing motoring world, Porsche will maintain its front-row position with this fascinating sports car,” said Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG.

To make this possible, Porsche will invest around EUR 700M (about PhP 35.8 billion) in their main factory. Over the next few years, the Stuttgart facility will have a new assembly plant, paint shop, along with an estimated 1,000 new jobs. The engine factory, on the other hand, will be expanded as well to cover the production of new electric motors. The other areas of the facility, like the Weissach Development Center and the existing body shop, will also be expanded.

Dr. Oliver Blume, Chairman of the Porsche Executive Board, stated that this milestone proves that Porsche is still capable of producing sports cars with the use of new technology.

Rear quarter view of the Porsche Mission E concept

“We are resolutely taking on the challenge of electric mobility. Even with solely battery-powered sports cars, Porsche is remaining true to its philosophy and offering our customers the sportiest and technologically most sophisticated model in this market segment,” said Dr. Blume.

The launch date of the Mission E production version is yet to be announced by Porsche.