Revealed the name for the new model Porsche,

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In preparation, the vehicle has now been given its official name: The "Mission E" concept study, the name currently used to describe Porsche's complete electric offering, will be known as the Taycan. Loathe it? Let us know what you think of the Taycan name in the comments section below.

"Our new electric sports auto is strong and dependable; it's a vehicle that can consistently cover long distances and that epitomizes freedom", says Oliver Blume, chairman of Porsche AG's executive board, in an offhand swat at the Tesla Model S. 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. Its battery pack will provide with more than 300 miles of range, measured on the European cycle.

Porsche Chairman Oliver Blume made the announcement during the "70 years of Porsche Sports Cars" ceremony celebrating the company's heritage. Stage one of what will eventually be more than $7bn in investment into electrification and e-mobility by Porsche, the Taycan - like the Mission E concept it's based on - isn't just quick on the road, but will usher in a new age of fast charging and more. It's an apt title for the freshest model in Porsche's stable.

The Porsche Mission E arrived nearly three years ago at the Frankfurt Motor Show in 2015, signalling Porsche's "Mission" to embrace all things "E". However, strategically, Porche's Taycan will be rival to Tesla.

Overall, the name fits in Porsche naming nomenclator.

Stefan Weckbach, Head of the BEV Model Series at Porsche, has now taken a few people to get test drives in the Mission E Cross Turismo in California and commented on the German automaker's plans.

Stay tuned for more updates on the Porsche Taycan. The carmaker would be investing six billion euros in electromobility by 2022, double the size of the original sum. The existing engine plant is being expanded to manufacture electric drives and the body shop will also be developed.

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