Porsche also confirmed the delay in the share issue prospectus published as part of the IPO last month.

HT Auto Desk

October 17, 2022 at 10:36 am

Porsche Macan EV during testing

Manufacturer of luxury cars Porsche has confirmed that its all-electric Macan has been delayed until 2024, confirming reports that surfaced earlier this year. Germany’s Automobilwoche reported in July that the electric Macan and its PPE-based sibling, the Audi Q6 e-tron, are expected to be delayed by around a year because Volkswagen The CARIAD division of the group lags behind in the development of modern new software.

Porsche also confirmed the delay in the prospectus it issued as part of its IPO last month, which noted that deliveries of the Macan EV are scheduled to begin in 2024. The automaker cautioned that the E3 1.2 software platform is still under active development. , “there remains a risk that the Group will not meet its existing cycle plan for new vehicles on schedule, particularly BEV models 718 and Cayenne.”

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Porsche notes that the successful development of the E3 1.2 platform and the start of production and release of the Macan EV are prerequisites for the further development of new vehicles in the coming years, which will also be based on this software platform.

In the prospectus, Porsche also expressed concern that delays or difficulties in the development of the E3 1.2 platform could be further exacerbated by the fact that CARIAD is currently developing a separate version of its E3 2.0 platform in parallel.

Porsche Makan The EV will be one of the first production models to use the Premium Electric Platform (PPE), jointly developed by Audi and Porsche. It will use a similar 800 volt electrical system Tycon with improved range and fast DC charging up to 270 kW. The Macan EV is scheduled to go into production by the end of 2023 at the company’s Leipzig plant.

Date of first publication: 17 Oct 2022, 10:30 AM IST