Porsche Shocks Market: Ditches EV Plans Amid China Slump and Tech Fails
Porsche’s EV U-Turn: China Slump and Tech Woes Force a Hard Pivot Porsche, the storied luxury automaker, has slammed on the brakes of its electric vehicle (EV) ambitions, citing a catastrophic sales drop in China and a belief that battery-powered cars can’t match the visceral punch of traditional engines. With new CEO Michael Leiters set […]
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