MUNICH -- Porsche will begin sales of its first plug-in hybrid in July with prices starting at 110,409 euros in Germany, the automaker said in a statement today. The 416-hp Panamera S E-Hybrid will debut at the Shanghai auto show April 21.
Porsche's plug-in Panamera to start at 110,400 euros
Porsche is expanding its lineup after Volkswagen Group, Europe's biggest carmaker, took full control of the brand last August. The maker of the 911 sports car introduced updated versions of the Boxster roadster and the Cayman sports car last year, making them lighter and faster to shore up its reputation for performance.
It will roll out the compact Macan SUV in early 2014.
The Panamera plug-in hybrid is boosted by a 95-hp electric drivetrain that helps reduce fuel use to 3.1 liters per 100km, down from 7.1l/100km for the current Panamera hybrid. That equates to CO2 emissions of 71 grams per kilometer, down from 167g/km for the current hybrid.
Porsche says the new Panamera hybrid can reach speeds of up to 135kph in all-electric model and travel 18km to 36km on battery power only.
The gasoline, diesel and plug-in hybrid versions of the new Panamera will be in showrooms in July. The base version, with a diesel powertrain, will start at 81,849 euros in Germany, Porsche said.
Bloomberg contributed to this report