Porsche's 718 Boxster will be turned into an electric model from 2025. Picture: BLOOMBERG
The Volkswagen luxury unit will also offer a hybrid version of the iconic 911, it said. The manufacturer, whose parent is preparing an initial public offering of the brand, expects electric models to be just as profitable as combustion engine vehicles in about two to three years, according to CFO Lutz Meschke.
Porsche plans for half of its sales to be battery-only or hybrid models by 2025, including a fully-electric version of the Macan SUV, before moving to 80% of sales that are exclusively powered by a battery by 2030. Keeping up profit margins at Porsche, VW’s most profitable brand next to Audi and Lamborghini, is key for the group to help finance the industry’s biggest shift to electric cars.
Blume said there are “several” additional projects in the pipeline with Apple, which has been working on a self-driving car project for years.
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