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Porsche Plans To Boost Its Upcoming Electric Car Production To Double

Even though the electric car model of Porsche, Taycan has not yet launched in the market, the German car manufacturer is set to increase its production rate by double.

On Wednesday, Porsche confirmed CNBC about boosting production of Taycan model from 20,000 to 40,000 units due to better than expected response from the customers.

Manager of product communications for Porsche, Andrew Lennon, said that the company had been prepared for the higher demands and capable to manage it by increasing capacity. Also, the company’s administrators recently approved the decision for production boost.

In the month of October, Porsche announced another variant of the vehicle based on the Cross Turismo concept.

The model Taycan is one of the superior electric cars to enter the market in upcoming years. Earlier, some of the high-end vehicles offered and to be launched by the giant automakers including I-Pace electric crossover by Jaguar, e-Tron SUV by Audi, electric-based Mustang sports car by Ford.

The different sports vehicles developed by Tesla have been generating strong revenue and attracting its customers. Last year, Tesla made successful deliveries of 245,240 vehicles.

The expected market value of the upcoming powerful electric car model Taycan would be around $80,000, published in Electrek magazine.

Based on the last year’s sales report of Porsche, the company sold 57,202 vehicles of which around 50 percent were Macan cross-over utility car, 10,733 units of Cayenne, and 9,647 units of its signature 911 cars were sold.

Recently, Porsche, along with other giant automakers have invested in artificial intelligence and GPS-based start-up, Urgent.ly, which is also among the leading global platforms offering roadside assistance services. Around $21 Million were offered through the financing round.

Urgent.ly offers roadside assistance services in different regions including Asia, North America, and Europe.

Porsche is looking for strategic investments in business models attributed to mobility, digital lifestyle, and customer experience as well as in upcoming advanced technologies.

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