  A large Time Projection Chamber is the main device for tracking and
charged-particle identification in the ALICE experiment at the CERN LHC. After
the second long shutdown in 2019/20, the LHC will deliver Pb beams colliding at
an interaction rate of about 50 kHz, which is about a factor of 50 above the
present readout rate of the TPC. This will result in a significant improvement
on the sensitivity to rare probes that are considered key observables to
characterize the QCD matter created in such collisions. In order to make full
use of this luminosity, the currently used gated Multi-Wire Proportional
Chambers will be replaced. The upgrade relies on continuously operated readout
detectors employing Gas Electron Multiplier technology to retain the
performance in terms of particle identification via the measurement of the
specific energy loss by ionization d$E$/d$x$. A full-size readout chamber
prototype was assembled in 2014 featuring a stack of four GEM foils as an
amplification stage. The performance of the prototype was evaluated in a test
beam campaign at the CERN PS. The d$E$/d$x$ resolution complies with both the
performance of the currently operated MWPC-based readout chambers and the
challenging requirements of the ALICE TPC upgrade program. Detailed simulations
of the readout system are able to reproduce the data.
