Porsche is jumping into the electric car business.
The German sports car company has announced its all-electric Mission E sports car. The concept vehicle, which will be on sale within five years, boasts a 600 horsepower engine, a range of more than 300 miles, and a recharging time of under 15 minutes.
Unveiled at the ongoing Frankfurt Auto Show in Germany, the sleek Mission E is an all-wheel-drive, all-wheel-steering battery-powered street car.
After many years in development, and one year of active prototyping, the concept car moves one step closer to reality, said Wolfgang Hatz, Porsche's global head of research and development.