Porsche's initial goals were to enter Formula 1 and compete for the VW Group at the top.

Sadly, Audi secured the opportunity to establish itself as a well-known brand in Formula 1.

Porsche has made the decision to be flexible and is using those monies to construct a speedboat!

For the EV business, this Porsche speedboat might be the next big thing.

Porsche will use the cutting-edge electric propulsion technology in place of a gas-guzzling V8 engine.

Porsche will employ the same electric drivetrain as the Porsche Macan EV.

The boat will be propelled purely by the Premium Platform Electric (PPE) platform, with no assistance from a gasoline or diesel engine.

The top speed of the Porsche speedboat is 45 knots.