The oriental name also signifies the launch of the first electric sports vehicle with the soul of a Porsche.
"This principle is also shaping "the future of the sports car", with the Mission E, the series version of which will be launched on the market in 2019 as the first purely electrically powered Porsche, drawing on the experiences gained from the Le Mans-winning 919 Hybrid".
The future Tesla Model S rival's J1 structure is one of three new electric auto platforms being developed within Porsche's parent company, the Volkswagen Group.
According to Porsche, the Taycan name is a Eurasian word that roughly translates to "lively young horse" and is a reference to the "leaping steed" on the company's badge.
"Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomises freedom", says Porsche chief Oliver Blume. "It's a vehicle that can consistently cover long distances and that epitomizes freedom". But it will run on electricity. Porsche claims a 0-60 time of "well under 3.5 seconds" and a range of more than 300 miles based on the New European Driving Cycle. The big drain of maximum power can tax the charging (or discharging) system of an electric powertrain and hinder performance.
Porsche's got a history with names that are a bit, shall we say, different. That's double what it had originally planned. By 2022, Porsche will invest 6 billion Euros in its electric vehicle programme with 500 million Euros being spent in the development of derivatives of the Taycan. First up will be new infrastructure to support the Taycan: a dedicated assembly area, electric motor manufacturing, and a new body shop, all in Stuttgart.
The central location of the batteries and twin-motor set-up will also give the car's technical architecture a better front-rear weight balance than combustion-engined cars, potentially allowing Porsche's engineers to soften the car's anti-roll bars to aid ride without hindering handling.
The Taycan is expected to go on sale late next year.