Porsche's first two-seater will be in 718, affirms officials

New Delhi: 

The officials of luxury sports car Porsche have cleared that the awaiting first two-seater electric model will be a 718. 

As Bloomberg reported, the car could be a hybrid of Porsche 911 revealed Oliver Blume who is Porsche AG’s chief executive officer. However, Blume has not uttered a word regarding the commencement of the production. 

With the big revelation, the big question occurs, which is, how many variants of the 911 will be included in the hybrid version. 

Earlier, the parent company Volkswagen had announced the preparation of Initial Public Offering (IPO) of Porsche to gather funds for the production of additional electric vehicles.

IPO is believed to be in the second half of this year.

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