Porsche is ramping up production of its sleek-looking Tesla rival because of high demand

Porsche is increasing production of its upcoming Taycan electric vehicle due to high demand, the automaker said on Friday. Over 20,000 people have made a reservation of around $2,800 for the vehicle, Porsche said, which will arrive by the end of 2019. Porsche had previously planned to make 20,000 Taycan vehicles per year. A Porsche representative declined to specify the amount by which annual production will increase. Porsche is increasing production of its upcoming Taycan electric vehicle due to high demand, the automaker said on Friday . Over 20,000 people have made a reservation of around $2,800 for the vehicle, Porsche said, which will arrive by the end of 2019. Porsche had previously planned to make 20,000 Taycan vehicles per year. A Porsche representative declined to specify the amount by which annual production will increase. "The overwhelming interest in the Taycan shows us that our customers and fans are just as excited about the first Porsche electric athlete as we are — and we’ve therefore increased our production capacities," Detlev von Platen, Porsche’s head of sales, said in a statement. Read more: Tesla made a drastic change to its bonus structure before deciding to cut costs by closing stores, […]

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