Saturday, January 28, 2023
News The Electric Porsche 718 Will Require a $567 Million Investment in the...

The Electric Porsche 718 Will Require a $567 Million Investment in the Plant

Production of Porsche’s all-electric 718 was supposed to begin a year ago

  • The electric 718 will be assembled at the Zuffenhausen plant in Stuttgart.

  • Production is expected to begin next year.

  • Porsche expects 1/3 of its global sales to be EVs by 2025.

Porsche will soon be back on track with its EV production plans. The 718, both the Cayman and Boxster, will start rolling off the Zuffenhausen plant’s assembly lines next year. For this to happen, the sports car company will invest about 500 million euros ($567 million) in the plant.

The Porsche Mission R Concept: The 718 Cayman’s Future?

The Mission R concept was introduced last September and signaled the arrival of the all-electric 718. Things did not all go as planned as, according to Automotive News Europe, the technological complexity of the project and lengthy coordination with other VW Group brands caused numerous delays.

The 718 EVs will be assembled on Audi and Porsche’s Premium Platform Electric (PPE) and provide an expected 400 km (250 miles) of range. This same platform will also find its way beneath the upcoming all-electric Macan.

Porsche believes that 1 out 3 vehicles they sell by 2025 will be an EV. By 2023, that figure will have increased to 2/3. By 2025, it is rumoured that an electric Cayenne will join the 718, Macan, and Taycan (and its variants) which suggests that these figures might be conservative.

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


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