Just before Porsche closes its factories for two weeks to cope with the coronavirus pandemic, the German automaker held its annual press conference looking back at 2019 and announcing some of the new model debuts we can expect in 2020 and beyond. 2019 was a strong year for Porsche, with sales increasing by 10 percent to 280,800.

Porsche also produced 274,463 cars last year, which is three percent more than in 2018. Unsurprisingly, the popularity of SUVs helped Porsche achieve this sales growth, as Cayenne sales were up 29 percent in 2019 compared to the previous year and Macan sales increased by 18 percent.

Looking ahead, Porsche will invest around €10 billion ($10.7 billion) into electrification that will enable the company to expand its range of hybrid and fully electric models. By 2025, Porsche estimates half of its sales will be plug-in hybrids and battery-electric cars. Kickstarting Porsche's EV expansion will be the production version of the Mission E Cross Turismo that debuted at the 2018 Geneva Motor Show.

Unsurprisingly, the production version will be called the Porsche Taycan Cross Turismo. Porsche has confirmed the practical wagon version of the Taycan will debut in late 2020, so it could be unveiled at the 2020 LA Auto Show in November if the event doesn't get delayed by the coronavirus. It will be the first of several new Taycan variants Porsche has planned.

Since the Taycan looks very similar to the original Mission E Concept, the Taycan Cross Turismo should closely resemble the Mission E Cross Turismo Concept. We've already seen prototypes of the Porsche Taycan Cross Turismo being put through their paces, but powertrain details haven't been confirmed yet so it remains to be seen if it matches the Taycan's lineup, which is available in 4S, Turbo, and Turbo S. The range-topping Turbo S has 750 horsepower on tap enabling the electric sedan to sprint from 0-62 mph in 2.6 seconds and top out at 161 mph, but the Cross Turismo's extra weight could affect the performance slightly.

Another key part of Porsche's electrification will be the upcoming fully electric version of the Macan. Porsche has confirmed the electric Macan will ride on the company's Premium Platform Electric platform and launch in 2022.