Porsche confirmed plans last July to launch a range-topping, full-electric flagship crossover that Blume described at the time as “a very sporty interpretation of an SUV.”

The crossover, codenamed K1, will be built in Leipzig starting from the middle of the decade, and will incorporate technology seen on the Mission R concept presented in 2021 at the IAA auto show in Munich. In addition to a new high-performance battery, the Mission R also had a 920-volt electrical system designed to reduce charging times.

Porsche is also planning to set up a new Car-IT department, headed by former Daimler digital chief Sajjad Khan. The move follows protracted problems at VW’s Cariad software unit that have delayed several important models, including Porsche’s electric Macan.

Dividend payment

Porsche is proposing a dividend of 911 million euros following the company’s partial listing in September, equating to 1 euro per ordinary share and 1.01 euro per preferred share.

Bloomberg and Reuters contributed to this report

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