Rumors have been circulating that Porsche is developing a rival to the Tesla Model S – and the automaker just gave the world a preview with its new Mission E electric vehicle. Debuting this week at the Frankfurt Motor Show, the 600-hp Mission E concept is Porsche’s first ever all-electric four passenger sports car, and it has some impressive features. In addition to a driving range of 310 miles, this Porsche EV has an extremely fast recharging time of just 15 minutes.

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The Mission E concept could be the perfect rival to the Tesla Model S. The concept is powered by two permanent magnet synchronous motors – similar to those used in this year’s Le Mans victor, the 919 hybrid. Together the two motors produce over 600-hp, and they propel the Mission E to a speed of 62 mph in less than 3.5 seconds. The power is put to the ground via a standard all-wheel-drive system and all-wheel steering gives even more precise steering.

Related: Porsche to launch all-electric Tesla Model S rival in 2019

Even if you spend all day driving the Mission E concept on the track, the best part is that it won’t take that long to recharge it. Porsche estimates the Mission E can be recharged up to 80 percent in just 15 minutes, which is faster than even today’s electric cars using the DC Fast Charger. How did Porsche do it? The Mission E uses 800-volt technology which doubles the voltage most of today’s electric cars use. The 800-volt technology provides shorter charging times and lower weight, because lighter, smaller gage copper cables are sufficient for energy transport.

The Mission E can also be recharged via convenient inductive charging by simply parking over a coil embedded in the floor of the garage from which the energy is transferred without cables to a coil on the car’s underbody. Porsche hasn’t announced any production plans, but the fact that the concept even exists now suggest the automaker may soon have a fully electric four passenger car in its lineup.

+ Porsche

All photos @ Porsche