News
Porsche: China business in free fall.
Demand for fully electric luxury cars is declining in China. Porsche also feels the effects. Profits fell by 42 percent in the first quarter.
By Emily Kossak
Demand for fully electric luxury cars is declining in China. Porsche also feels the effects. Profits fell by 42 percent in the first quarter.
By Emily Kossak
Porsche recorded a worldwide sales decline in the first quarter, driven by the weakening business in China. While China experienced a 42 percent slump, sales in North America grew strongly.
By Manuel Liu
The Chinese battery producer SVOLT wants to invest €1 billion in new factories in Saarland. The company is relying on the skills of German employees and the quality of German machines. European Head Kai-Uwe Wollenhaupt is certain: The drop in battery prices in the coming years will massively increase the demand for EVs in this country.
By Marcel Grzanna