Porsche is throwing some serious resources at its electric car project.
As Reuters reports, the German luxury auto maker is gearing up to add “at least 1,400 jobs to develop, build and sell the battery-powered Mission E.” That includes 900 production workers, 300 salaried jobs, and 200 engineers. Previously, the company was planning to add 1,000 jobs for the high-end, zero-emission sports car.
All in, Porsche will spend about 1 billion euros ($1.1 billion) on the new model, according to Reuters.
In December, Porsche confirmed plans to produce the Mission E by 2020.
The Mission E, which aims to rival Tesla’s Model S, is said to go from 0 to 62mph in 3.5 seconds and travel approximately 310 miles on a single charge. Its lithium-ion batteries can regain up to 80 percent of their range after just 15 minutes of charging, and Porsche plans to sell an optional feature that allows users to “refuel” the car wirelessly via a coil installed in a garage floor.
Porsche’s move to beef up EV investments is “part of parent Volkswagen’s push to overcome its emissions scandal by embracing zero-emission cars and digital services,” Reuters reports. Fellow VW subsidiary Audi is also going hard on electric cars, with plans to launch three new models by 2020.
On the topic of the company’s new EV focus, Porsche exec Uwe Hueck, during a media briefing Tuesday, reportedly said: “You either take part in the digital change or you lose,” according to Reuters.