The Porsche Taycan Cross Turismo will be unveiled in late 2020, the electric Macan in 2022.

At a presentation in Stuttgart, Germany, on Thursday, Porsche announced its 2019 results and also revealed its plans for the future.

Specifically, Porsche said that it will launch two new electric cars within the next 24 months.

The first is a new body style for the Taican electric sedan, due in late 2020. The new body style will be a station wagon that Porsche will call the Taycan Cross Turismo.

The second EV will be the updated Macan. At Thursday's presentation, Lutz Meschke, head of Porsche's finance and IT division, said that the electric Macan will enter production in late 2022. This suggests it will appear as a 2023 model.

Porsche first announced in early 2019 that the next Macan would be an electric car. The car will be based on the PPE modular EV platform, which is being developed jointly by Porsche and Audi, another Volkswagen Group brand, as opposed to the J1 platform for the Taycan.

Porsche is expected to sell the current gasoline Macan alongside an updated electric version, at least initially. However, Porsche is convinced that electric cars will become much more popular than they are today, and much faster. The automaker plans to invest 6 billion euros ($6.45 billion) in EVs by 2022, and by 2025 the share of zero-emission car sales will already be 50 percent. Some of these funds may be used to develop the 718 electric sports car, but authorization to produce this particular model has not yet been granted.

In 2019, Porsche's sales increased by 10% to 280,800 units. This resulted in an operating profit of €4.4 billion. In 2020, the carmaker does not expect to achieve higher results due to the uncertainty surrounding the ongoing Covid-19 coronavirus pandemic, but through concrete measures such as efficiency improvements and expansion into new business areas, it intends to achieve a 15 percent return on sales The company expects to continue to achieve its target of a 15 percent return on sales through concrete measures such as efficiency improvements and expansion into new business areas The company expects to continue to achieve its target of a 15 percent return on sales through concrete measures such as efficiency improvements and expansion into new business areas.