An all-electric version of the Porsche Cayenne SUV will be revealed later this year, CEO Oliver Blume said in a Q&A following the announcement of the automaker's 2024 financial results Wednesday. "We are going to present it to the world for the first time at the end of the year," Blume said, adding that the reveal will take place on the West Coast.

Porsche held its annual company-wide press conference today, during which the company celebrated record-breaking sales in several of its key markets and strong profits that nearly reached the previous year's high-water mark.

Porsche AG plans to unveil the electric version of its popular Cayenne luxury sport utility vehicle in the US at the end of this year.

Namely, the long-rumored electric Cayenne will arrive this year, according to a statement made by Porsche's CEO Oliver Blume. Like the Macan Electric, battery-powered versions of the Cayenne will be built on a completely new platform, manufactured and assembled in Bratislava, Slovakia.

Despite the arrival of the electric Cayenne, the current gas-powered Cayenne—which has been on sale since the 2019 model year and received a major update for 2024—will stick around. Despite its age, Porsche sold 102,889 examples last year, accounting for almost one out of every three sales at the automaker.

Porsche has confirmed that its electric Cayenne SUV will be launched in late 2025. The announcement was made by CEO Oliver Blume during a recent Q&A session. The fourth-generation model will be fully electric while the current Cayenne will continue to use combustion engines.

Porsche's plans for an electrified SUV lineup will come to fruition this year with the debut of the new, and electric, Porsche Cayenne. The model will join the Macan EV as the brand's second electric SUV.