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Porsche to build electric Mission E sports sedan, will hit 80 percent charge in 15 minutes

ET:

It’s just as everyone hoped: Porsche is going after Tesla. Porsche has announced that it will invest $1 billion to build the Mission E, the company’s first 100-percent electric car that debuted in concept form in September and is now scheduled for launch by 2020. The company says the project will create over 1,000 jobs, and involve a new paint shop and assembly plant, as well as the expansion of an existing body shop and engine factory for building the electric motors.

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