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For the first time in 55 years, Ford is expanding the Mustang family, with the unveiling of the Mustang Mach-E, an all-new, all-electric SUV.

When it arrives in late 2020, Mustang Mach-E will be available with standard and extended-range battery options with either rear-wheel drive or all-wheel drive powered by permanent magnet motors, according to the car maker.

Equipped with an extended-range battery and rear-wheel drive, Mach-E has a targeted EPA-estimated range of at least 300 miles.In extended-range all-wheel-drive configurations, Mach-E is targeting 332 horsepower and 417 lb.-ft. of torque2 – with the standard all-wheel-drive variation targeting quicker times to 60 mph than the base Porsche Macan series.

Ford also will offer two special performance versions. The GT is targeting 0-60 mph in under 4 seconds, making it faster off the line than a Porsche Macan Turbo3.

The GT Performance Edition, meanwhile, is targeting a comparable 0-60 mph in the mid-3-second range to a Porsche 911 GTS.3 Both GT configurations are targeting an estimated 342 kW (459 horsepower) and 830 Nm (612 lb.-ft.) of torque

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“Whether you want to really feel its performance capability or are looking for the quiet atmosphere that electric vehicles can offer, the Mach-E harnesses the power of electrification to create a unique driving experience while retaining that unmistakable Mustang feeling of freedom,” said Ted Cannis, Ford enterprise product line director, global electrification.

Mustang Mach-E will be available in both standard-range (75.7 kWh lithium-ion battery) and extended-range (98.8 kWh battery), which has a targeted EPA-estimated range of at least 300 miles in rear-wheel-drive configuration.