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.

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.

In addition to announcing plans to develop a new gasoline SUV to replace the Macan, the company also expressed its long-term commitment to ICEs. CEO Oliver Blume revealed during the Annual Press Conference that the Cayenne and Panamera will retain gas power "far into the 2030s.

The new standalone Porsche SUV model will benefit from "synergies," suggesting a possible collaboration with Audi