Porsche plans electric SUV above Cayenne, electric successor to Panamera

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Porsche laid out a few of its key future plans on Monday throughout a capital markets day presentation aimed toward engaging traders forward of a deliberate preliminary public providing later this 12 months.

Key among the many plans was affirmation Porsche’s lineup shall be expanded with a seventh model line, an electrical SUV to be constructed at Porsche’s plant in Leipzig, Germany, within the second half of the last decade.

That is the identical plant the place Porsche plans to construct its electrical Macan already out testing, although the brand new SUV will not be associated to the electrical Macan. It will likely be a high-end model positioned above the Cayenne. It is potential the SUV is the three-row model reportedly proven to sellers final fall.

2024 Porsche Macan EV spy shots - Photo credit: S. Baldauf/SB-Medien

2024 Porsche Macan EV spy photographs – Photograph credit score: S. Baldauf/SB-Medien

The brand new model introduction is a part of Porsche’s technique to spice up margins by focusing extra on high-end segments, Porsche CEO Oliver Blume mentioned through the presentation which passed off on the automaker’s R&D middle in Weissach, Germany.

“[The SUV] will additional increase our place within the luxurious automotive phase,” he mentioned. “We’re focusing on the upper margin segments specifically and goal to faucet into new gross sales alternatives on this means.”

Autocar has discovered the SUV will trip on Volkswagen Group’s SSP platform being developed to cowl roughly 80% of autos throughout the automaker’s portfolio of manufacturers, although the SUV will use a very sporty variant of the SSP platform being developed by Porsche and likewise destined for EVs from Audi, Bentley and Lamborghini. The usual SSP platform’s first utility shall be a Volkswagen code-named Trinity, and due in 2026.

2021 Porsche Panamera Turbo S

2021 Porsche Panamera Turbo S

Autocar additionally discovered the Panamera will not dissappear regardless of the arrival of the Taycan which is just a few inches shorter. A serious replace to the present Panamera is due quickly, after which an electrical successor will reportedly be launched. It is potential the subsequent Panamera will develop in measurement to assist goal full-size sedan patrons.

A remaining key announcement made through the capital markets day presentation was a plan to supply the 718 solely with electrical energy by the center of the last decade. This model is anticipated to make use of a bespoke platform developed by Porsche and previewed in 2021 within the Mission R idea.

The accelerated progress in demand for EVs within the premium sector has caught many automakers abruptly, together with Porsche. Solely lately the automaker was predicting that half its lineup could be electrified (hybrids and EVs) by 2025, however now it is overtly stating that half the lineup will seemingly be made up of vehicles working solely on electrical energy by that date. Additional out, Porsche predicts greater than 80% of its gross sales shall be EVs by 2030, with the rest made up by the 911—the ultimate holdout for the internal-combustion engine.

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