Porsche plans electric SUV above Cayenne, electric successor to Panamera

Porsche laid out a few of its key future plans on Monday throughout a capital markets day presentation geared toward attractive buyers forward of a deliberate preliminary public providing later this yr.

Key among the many plans was affirmation Porsche’s lineup can be expanded with a seventh mannequin 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. Will probably be a high-end mannequin positioned above the Cayenne. It is doable the SUV is the three-row mannequin reportedly proven to sellers final fall.

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

The brand new mannequin 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 came about on the automaker’s R&D middle in Weissach, Germany.

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

Autocar has realized 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 in addition destined for EVs from Audi, Bentley and Lamborghini. The usual SSP platform’s first utility can be a Volkswagen code-named Trinity, and due in 2026.

2021 Porsche Panamera Turbo S

2021 Porsche Panamera Turbo S

Autocar additionally realized 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 doable the subsequent Panamera will develop in dimension to assist goal full-size sedan patrons.

A ultimate 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 mannequin is predicted to make use of a bespoke platform developed by Porsche and previewed in 2021 within the Mission R idea.

The accelerated development in demand for EVs within the premium sector has caught many automakers without warning, together with Porsche. Solely lately the automaker was predicting that half its lineup can be electrified (hybrids and EVs) by 2025, however now it is brazenly stating that half the lineup will possible be made up of automobiles operating solely on electrical energy by that date. Additional out, Porsche predicts greater than 80% of its gross sales can be EVs by 2030, with the rest made up by the 911—the ultimate holdout for the internal-combustion engine.

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