Porsche may stop producing diesel engines and focus on electric vehicles in the future?

According to foreign media reports, under the shadow of the Volkswagen emissions scandal, Porsche CEO Oliver Blume said that the latest generation of diesel engines launched by Porsche may be its last. Porsche has also become the first German car brand to publicly announce that it will stop producing diesel engines.

Porsche plans to invest $1.16 billion to transform its Stuttgart plant, which will be used to produce its first electric model, the four-door Mission E, which is expected to be launched in 2019.

Blume said in an interview at the Nürburgring Motorsport Center in West Germany that Porsche is considering whether to stop producing diesel engines, and no decision has been made yet. Blume said that whether diesel engines will be installed in Porsche models will be seen in the next decade, which is also part of our overall engine strategy. Porsche will launch various models in the next 10 to 15 years, including internal combustion engines, plug-in hybrids and pure electric models.

German prosecutors last month opened an investigation into whether Porsche employees were involved in the design of illegal engine control software, after German regulators suspected such cheating software was installed in the Cayenne SUV.

Porsche and Audi account for 60% of Volkswagen Group's profits, and in the electric vehicle project, sharing the new platform PPE also greatly saves R&D and material costs. The new PPE platform helps the two brands to save costs by sharing parts and models, which can also promote Porsche's sales growth this year to 15%.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.