Valence Technology provided eighteen lithium phosphate batteries along with a management system. The team of students led by Emmanuel Sin gutted the powertrain of the Porsche, assembled a battery pack with the battery management system and installed it in the car along with an electric motor. Now that the car is assembled they will be starting performance testing. The electric drivetrain should generate about 50-60 hp which should move the little car up to a top speed of 70-100 mph. The students estimate that the lithium phosphate battery pack should yield about 100 miles of range with a four to five hour charge time.
[Source: MIT, thanks to Bobby and Linton for the tip]