The Porsche Mission E is a pretty exciting concept, thereā€™s no denying that. But innovation isnā€™t free, and Porsche will have to set aside a good amount of cash in order to make its new electric sports car happenā€”including workersā€™ pay.

According to Reuters, employees agreed to pay cuts and the total concessions will amount to several hundred million euros. The manufacturer announced in early December that it would spend about 1 billion euros in totalā€”which equals around $1.1 billionā€”on the project at its Zuffenhausen base, and that producing the Mission E will create 1,000 new jobs in Stuttgart-Zuffenhausen.

While Porsche didnā€™t respond to Reuters for further comment, both the employer and employees did agree on the measures:

ā€œEmployer and employees have jointly drawn up measures that have led to the decision of producing the Mission E model at Zuffenhausen,ā€ a spokesman for Porsche said on Tuesday, confirming a report by German magazine Automobilwoche.

Zuffenhausen is Porscheā€™s biggest plant, and the only raise its 13,000 workers will receive is in work hoursā€”from 34 to 35 hours per week. Monetarily, Porsche will phase out parts of a pay increase between the years 2016 and 2025.

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Porsche expects the Mission E to be out by the end of the decade, and claims the car will be able to reach an 80-percent charge in just 15 minutes. According to Porsche, the new Mission E can also ā€œoptionally be ā€˜refuelledā€™ wirelessly by induction via a coil set into the garage floor.ā€

Compare that to the current Tesla Model S, one of the Mission Eā€™s direct rivals that can charge up to 50 percent in around 20 minutes. But, keep in mind that Tesla still has a few years to improve those features before the new Porsche even reaches the market.

The charging station is only part of it. On the road, Porsche predicts the Mission E to go from zero to 62 mph in 3.5 seconds and have a range of about 311 miles. The Model S currently goes from zero to 60 in 2.8 seconds with the Ludicrous Mode upgrade worth about $10,000, but its range is only at 270 miles.

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On the surface, the agreement to include wages in the Mission E cost cuts seems like some serious dedication from employees. Weā€™ll have to see what else surfaces about the ordeal, and, when the time comes, whether it was worth it.


Image via Porsche

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