Luxurious new K1 SUV added to Porsche EV charge, Cayenne to go electric

AutoExec Summary
A new electric seven-seat SUV codenamed K1, based on the SSP Sport architecture, is being developed by Porsche for the Volkswagen Group and will arrive in 2027. Porsche Chairman Oliver Blume confirmed the K1 and stated it would have significant sales growth potential in China and the USA. The K1 will be larger and more expensive than the Cayenne. Porsche also confirmed a battery electric Cayenne SUV by 2026, the arrival of electric 718 Boxster and Cayman sports cars, and the BEV Macan on sale in 2024. Porsche aims to have more than 80 percent of its sales claimed by BEVs in 2030 and will introduce significant price increases for all models.
Brands mentioned: Porsche, Volkswagen, Mercedes-Benz, BMW, Volvo, Polestar