Porsche Taycan will slot below Panamera to compete with Tesla Model S

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has offered new hints about the upcoming electric sedan’s pricing. Instead of turning it into an exclusive range-topping , the will between the Cayenne and the . Automotive News calculates that Porsche will price the Taycan somewhere between $86,500 (75,000 euros) and $104,500 (90,600 euros) in Germany.

That is quite near to the price range of Model S on the German market, as the 75D, without taxes, costs 74,580 euros and the 100D costs 93,780 without taxes. The range-topping P100D is priced at just under 125,000 euros. Porsche Chief Financial Officer Lutz Meschke sees Porsche offering a more expensive, high-performance version of the Taycan costing up to 200,000 euros.

In the U.S, the Cayenne starts from $65,700, while the most affordable Panamera is priced at $85,000. It will be interesting to see if the U.S. market Taycan also finds itself between those models when it’s released next year.

The 0-60 time of the 600-hp Taycan is said to be less than 3.5 seconds. The NEDC cycle estimate for the Taycan’s range is over 310 miles on a single charge, though that’s different than the rating it will get in the U.S. An empty battery will only need four minutes to regain 62 miles of charge when it’s plugged into the proper fast-charging station. The German-built, 800-volt lithium-ion battery consists of LG Chem-made pouch cells; the synchronous electric motors come courtesy of Italian company Magneti Marelli.

Yearly production of the Taycan is projected to be 20,000 units, with additional capacity possible if demand warrants it. Some 1,200 new employees will be hired at Porsche’s Zuffenhausen plant.

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