It now has an official name, thus moving it one step closer to reality.

Word has slipped that the official name of the Porsche Mission E, when it enters production, will be the Porsche Taycan. Taycan has a meaning. It's "lively, young horse," according to Porsche's CEO and pronounced tie-con.

Just moments ago, several news outlets let slip the official name of Porsche's first-ever pure electric car.

The car we've known as the Mission E over the past couple of years now will become the Taycan in production form.

The Mission E will feature a high charge rate that should allow for an 80-percent charge in as little as 15 minutes. This is 400 km (~250 miles) in a car that is supposed to tout a 300-mile range. Porsche aims for a 3.5-second zero-to-60 mph time and a top speed of 155 mph. Porsche CEO Blume calls the new model a car to fill the void between the 911 and the Panamera, and he says it will be:

“priced like entry-level Panamera.”

Which would put it in the $85,000 area, but nothing is official in regards to price yet.

The new Porsche Taycan is expected to go on sale in late 2019 as a Model Year 2020 car.

It's highly likely the Porsche Mission E Cross Turismo, which it too would get a new name, will enter production shortly after (we'd guess within 2 years of the the Taycan's launch).

Gallery: Breaking - Porsche Mission E To Get Official Name Of Taycan

Press blast below:

"Mission E" to become the Porsche Taycan

Porsche announces the name of its first electric sports car

Atlanta, Georgia. The future of mobility is another step closer: Series production of the first purely electric Porsche is set to begin next year. In preparation, the vehicle previously operating under the working title "Mission E” has now been given its official name: Taycan. The name can be roughly translated as “lively young horse,” referencing the imagery at the heart of the Porsche crest, which has featured a leaping steed since 1952. “Our new electric sports car is strong and dependable; it’s a vehicle that can consistently cover long distances and that epitomizes freedom,” Oliver Blume, Chairman of the Executive Board of Porsche AG, explains. The Eurasian name also signifies the launch of the first electric sports car with the soul of a Porsche. Porsche announced the name for its first purely electric model as part of the “70 years of Porsche Sports Cars” ceremony.

Two permanently activated synchronous motors (PSM) generating a system output of over 600 horsepower accelerate the electric sports car to 60 miles per hour in well under 3.5 seconds and to 124 miles per hour (200 km/h) on the track in less than twelve seconds. The Porsche Taycan will also offer a consistent level of power that is unprecedented among electric vehicles: multiple launches in a row will be possible without a loss in performance, and the vehicle’s maximum range will be over 300 miles as measured in accordance with the New European Driving Cycle (NEDC).

Names with meaning At Porsche, the vehicle names generally have a concrete connection with the corresponding model and its characteristics. The name “Boxster” describes the combination of the boxer engine and the roadster design; Cayenne denotes fieriness; the Cayman is sharp and agile; and the Panamera, inspired by the Carrera Panamericana long-distance race, offers more than any standard sedan. The name Macan is derived from the Indonesian word for tiger, with connotations of suppleness, power, fascination, and dynamics.

Future investment doubled Porsche plans to invest more than six billion Euros in electromobility by 2022, doubling the investment that the company had originally planned. Of the additional three billion Euros, some 500 million Euros will be used for the development of Taycan variants and derivatives, around one billion Euros for electrification and hybridization of the existing product range, several hundred million for the expansion of production sites, and around 700 million Euros for new technologies, charging infrastructure, and smart mobility.

Extensive construction and expansion at the Stuttgart-Zuffenhausen headquarters At the Porsche headquarters in Stuttgart-Zuffenhausen, a new paint shop, dedicated assembly area for the Taycan, and a conveyor bridge for transporting the painted bodies and drive units to the final assembly area all are currently being built. The existing engine plant is being expanded to manufacture electric motors, and a new body shop will also be developed. Investments are also planned for the Weissach Development Center. Production of the Taycan is creating around 1,200 new jobs in Zuffenhausen alone.