The German sports car maker is fast tracking the small four-wheel-drive that will sit below its popular Cayenne SUV with a concept expected to debut at the Frankfurt motor show in September before production commences in late 2014.
"This is our priority program at the moment," Porsche's vice president of R&D, planning and processes, Bunno Brandlhuber, told Drive.
"It has taken over from other programs as being more important."