Porsche has set ambitious targets for electric car sales that will be driven by new battery-fuelled versions of its 718 Boxster and Cayman sports cars and its Macan SUV.
It wants one third of its sales to be electric vehicles by 2025, and two thirds by 2030.
It is now investing more than £400 million into its Zuffenhausen factory in Germany, which already builds the Taycan EV, to transform it into an EV production facility for the next generation two-seater sports cars.
Porsche will begin production of electric 718 models at Zuffenhausen in 2023, the same year its Leipzig plant begins assembling electric Macans, reported German magazine Automobilwoche.
The publication also reports that parent group Volkswagen is getting closer to deciding to float Porsche AG on the stock market.
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As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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