Porsche is serious to compete with Tesla and other EV vehicle manufacturers. It shows when Porsche first EV car will be developed totally on a new platform with electric technology borrow from their Le Mans race car. Their first concept named as Mission E and for the production version, it has been renamed as J1. Porsche has planned to invest more than $1.1 billion to produce the J1. The investment cover for a new factory expansion in Zuffenhausen. It is possible the new platform might be used for other future models. The new Porsche J1 is expected to make its first debut by 2020.