The oriental name also signifies the launch of the first electric sports vehicle with the soul of a Porsche.
Before you worry that Porsche isn't Taycan care of business, the new name is actually pronounced tie-con.
Porsche says that "Taycan" means the equivalent of "spirited young horse", which is a reference to what lies at the heart of the Porsche crest. Unlike a horse, the vehicle won't run on hay. "Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomizes freedom", Oliver Blume, Chairman of the Executive Board of Porsche AG, explains. But it will run on electricity. Automakers are spending billions as they face a period of unprecedented change - stricter environmental regulations are forcing them to offer more battery-powered vehicles even as combustion-engine cars still generate the vast majority of profits. The Porsche Taycan electric sports vehicle can do a 0-100 kmph sprint in well under 3.5 seconds and to 200 kmph in under 12 seconds. The expected range is more than 500 km on the somewhat generous NEDC test cycle.
The Taycan will be able to go 300 miles on a single charge and, with fast charging, 240 miles with only a 15 minute charge, according to Porsche. About $600 million is for developing Taycan variants, a billion more for adding EVs and hybrids to today's product range, several hundred million to expand production sites and around $800 million for new technologies, charging infrastructure, and smart mobility.
At the Zuffenhausen HQ, Porsche has a new paint show and dedicated paint shop for the new vehicle. It will have two highly capable electric motors, one powering the rear axle and the other the front axle.