Porsche plans to release a new all-electric SUV

The new model will target “the higher margin segments”
Image by Porsche Fremont

Porsche announced a new fully-electric, luxury SUV at their Capital Markets Day on 19th July 2022. The new SUV will join its popular Macan and Cayenne models. The company sold over 80,000 of each of the two models last year.

"We plan to add a new luxury, all-electric SUV model to our attractive portfolio, which will roll off the production line in Leipzig. This will further expand our position in the luxury automotive segment. We are targeting the higher margin segments in particular and aim to tap into new sales opportunities in this way." Said Porsche CEO, Oliver Blume.

According to Top Gear: "the upcoming all electric SUV will be built at the company’s Leipzig production plant, which currently builds the Macan and the Panamera."

The German manufacturer also plan on making a fully-electric Macan. Porsche has a target of 80% of the cars it ships to be battery powered by 2030.

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Joseph Catley - SYPC Media Manager

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