Before you worry that Porsche isn't Taycan care of business, the new name is actually pronounced tie-con. It's no huge surprise, given in the United States at least cars are still legally required to have two side mirrors using reflective glass. The company, which is part of the Volkswagen Group, now offers several plug-in hybrid models and sold just over 900 of the Porsche 918 Spyder, a limited-edition plug-in hybrid supercar.
The vehicle is expected to have a range of over 250 miles. The company says the Taycan will be able to go from 0 to 100 kph in 3.5 seconds and will have a range of 500 km and rapid 800-volt charging.
But the vehicle's charging system might be the biggest feature that the Mission E, now the Taycan, is bringing to market. This setup will allow the Taycan to be charged to 80 percent capacity in just 15 minutes, changing the way electric cars charge in the future.
According to a report from Reuters, Porsche made the announcement earlier today, with Porsche CEO Oliver Blume noting that "Taycan" means a lively and young horse, a creature which of course can be found on the Porsche logo.
Finally, Porsche's fancy new butt design language is a lock-in. Porsche says that it won't happen here.
Porsche's first electric auto will go on sale in late 2019. 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.
Porsche said it's planning to spend €6 billion on electromobility by 2022. A new paint shop, dedicated Taycan assembly area, and a conveyor bridge that will move painted bodies and drive units to the final assembly area are already under construction.
A quick refresher: The Taycan is a sport sedan with an electric powertrain riding on a Porsche-developed platform code-named J1.