Oliver Blume, chairman of the board of management of Porsche AG, speaks at the 2025 annual press conference. [Photo provided to chinadaily.com.cn] China is central to Porsche's global business ...

Porsche’s grip on the Chinese luxury car market is slipping. Once the automaker’s largest market for eight consecutive years, China has seen a dramatic decline in Porsche sales, down 29% in ...

In 2023, Porsche had bad news regarding sales in China: deliveries dropped 15 percent year over year, and it was the only market where the automaker saw any downturn at all. Unfortunately ...

German sportscar manufacturer Porsche saw profits plunge in 2024, as sales in China took a major hit and the carmaker poured money into updating several of its high-end models. Bernd Weißbrod/dpa ...

Priced from 788,000 yuan (US$108,000), or 660,000 yuan if the owner opts to rent the battery, the executive four-seater is set to take on Porsche AG ... Its only model in China, installed ...

Porsche sales tanked 28 percent in China in 2024 and Taycan deliveries almost halved in the year. Chinese smartphone giant turned automaker Xiaomi proudly announced last week that its SU7 Ultra ...

Porsche's deliveries fell by 3% to around 310,700 vehicles in 2024. In China, the drop was 28%. Revenue fell by 1.1% to just over €40 billion, while operating profit declined by almost 23% to ...

China and the USA continue to leave Europe behind LUDWIGSBURG, Germany and MUNICH, March 19, 2025 /PRNewswire/ -- According ...

(Bloomberg) -- Porsche AG lowered another profitability goal set at the time of its blockbuster listing after the luxury-car maker’s earnings slumped due to tumbling sales in China. The German brand ...