The company today also announced that it would double its future investment in electromobility by 2020, to the tune of $7 billion going into Taycan variants, further electrification of existing models, expansion of charging infrastructure, R&D into new technology, and the expansion of the production sites for all electric models.
The name, announced by Chief Executive Oliver Blume at Porsche's 70th anniversary celebration on Friday, means "lively, young horse", reflecting the iconic rearing black horse on Porsche's coat of arms.
The name was announced overnight during an event to celebrate 70 years since it registered its first auto, the 356 "No 1" Roadster.
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Porsche's upcoming first electric sedan has a new name. Porsche will begin production of the Taycan-pronounced tai-kan-next year.
Like it? Love it? The Taycan is arguably the marque's most radical model in its 87-year history - being its first ever all-electric production vehicle. Full-electric and hybrid-electric cars will account for 25 percent of sales by 2025, the automaker said. It also plans a crossover version of the vehicle, as previewed by the Cross Turismo concept that made its debut at March's Geneva Motor Show. The electric sports vehicle is expected to go on sale at the end of 2019. Digital projects, such as networking via Porsche Connect and data security using blockchain in sports cars, will also feature. Features such as the flared haunches, LED tail-light strip and coupe-like rear end will remain to echo the looks of the 911 sports auto. The engine plant is being expanded to manufacture electric motors. This will enable the vehicle to accelerate from 0-100 km/h (0-62 mph) in 3.5 seconds and 0-200 km/h (0-124 mph) in less than 12 seconds. But we're now one step closer to having a battery-electric Porsche on the road, which has at least one high-profile CEO likely sweating a bit more than before.
But Porsche's brand image is built on track performance not just straight line acceleration so, with the Taycan, Porsche promises a "level of continuous power that is unmatched by any other electric vehicle".