Porsche will invest $1 billion to launch battery-powered Mission E

[kristopher]

I could be wrong, but I really don't think the hydrogen proponents on DU see the picture the rest of us see. Maybe this will help.

Porsche will invest $1 billion to launch battery-powered Mission E
05 Dec 2015

Porsche will spend about 1 billion euros ($1.09 billion) on production facilities at its biggest plant to make its first-ever all-electric sports car.

The Volkswagen-owned manufacturer will create more than 1,000 new jobs at its base in Zuffenhausen in Germany where a new paint shop and assembly line will be set up to build the battery-powered "Mission E" model, Porsche said on Friday.

Porsche's investment in emissions-free drive technology reflects parent VW's growing commitment to increase its electric offerings as it struggles to overcome an emissions scandal.

VW has said the next generation of its VW-badged flagship luxury saloon Phaeton will be electric and it plans to expand the so-called MQB modular production platform to focus more strongly on long-range plug-in hybrids and electric vehicles.

Analysts have warned that VW's admission of rigging diesel emissions tests ...

http://www.electric-vehiclenews.com/2015/12/porsche-will-invest-1-billion-on-new.html

[Warren Stupidity]

1. They better secure that investment from vw

creditors.

[madokie]

2. I like it

but I'll never be able to own one I'm sure.

I really like the way the doors open