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Porsche has announced the production version of the Mission E electric auto concept will be called the Taycan.

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. And now it has a production name - Porsche Taycan (which we think is pronounced "Tie-Can").

The name can be roughly translated as "lively young horse", referencing the imagery at the heart of the Porsche crest, which has featured a leaping steed since 1952. So now you know.

Series production of the first purely electric Porsche is set to begin next year.

As we previously reported, Porsche's first electric vehicle will feature two motors contributing to a system output of more than 600 horsepower. The vehicle will offer all-wheel drive performance and, according to Porsche, a 0 to 62 miles per hour time of around 3.5 seconds - the fastest Tesla Model S models can hit 60 in as little as 2.4 seconds. Horses can travel long distances, are strong and dependable and ones found in the wild are as free as can be.

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Make that gallop. The Taycan's pair of electric motors will output "over 600 hp" and launch the vehicle to 200 km/h in under 12 seconds.

The vehicle had previously been known as the Mission E.

And here we thought Porsche was slowly reverting to using numbers instead of those controversial names; when the current Boxster and Cayman were launched, Porsche added the 718 moniker. Tesla now has stores where its cars and solar products are sold, and soon will add fix centers, but they do not present themselves as traditional dealerships.

The Taycan has been dubbed the "Tesla-slayer" by some automotive journalists. The existing engine plant is being expanded to manufacture electric motors, and a new body shop will also be developed.

Interest in the Taycan has already been huge, Porsche says, though sales aren't expected to kick off in the U.S. for some time yet. The car's top speed will be 155 miles an hour.