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Porsche Considers Quitting EVs in China

Anis

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Porsche, long regarded as a symbol of luxury performance in China, is losing its edge. Chinese automakers have redefined luxury, combining high performance, superior artificial intelligence (AI), and affordability.
The result?
A new wave of local electric vehicles (EVs) is challenging the supremacy of traditional German companies, and Porsche is feeling left out. porsche-The-new-all-electric-Macan-makes-its-debut-at-Auto-China-2024,-ready-to-go-with-comprehensive-electromobility-ecological-services.jpg


Porsche experienced a 28% decrease in China sales in 2024, selling 79,283 units. The situation worsened in the first quarter of 2025, with cnEVPOST reporting a 42% year-over-year decline to just 9,471 units.

This downturn suggests that Porsche's high-end EV models, such as the Taycan and Macan, are struggling against competitively priced and robust EVs from domestic companies like Xiaomi.

At Auto Shanghai 2025, Porsche CEO Oliver Blume indicated a potential reduction or discontinuation of their EV division in China, stating the company will assess its viability as an electric brand in the region over the next two to three years. web_MA_CariCarz_Porsche-Macan-EV-Launch_-25-full.jpgweb_MA_CariCarz_Porsche-Macan-EV-Launch_-13-full.jpg


"We will see in the next two to three years whether Porsche exists as an electric brand here," the exec says.

Despite the emergence of rivals like Xiaomi's SU7 Ultra, Porsche asserts that its vehicles provide a superior driving experience compared to more affordable options.

This stance contrasts with the apparent preference of Chinese consumers, given the significant price difference between a base Taycan in China (around $126,000) and the SU7 Ultra (starting at about $73,000). web_LJJ_CariCarz_Xiaomi-SU7-in-Malaysia_-9-full-(4).jpgweb_LJJ_CariCarz_Xiaomi-SU7-in-Malaysia_-12-full-(2).jpg


Unlike Volkswagen, BMW, Mercedes-Benz, and Audi, Porsche has not tailored its products specifically for the Chinese market. These other German manufacturers have invested in long-wheelbase models and market-specific electric sub-brands to cater to Chinese preferences.
The luxury carmaker, however, intends to maintain its global product strategy and has no immediate plans to produce vehicles solely for China. Muhammad-Kifli-Ma-Hassan.---2025-04-29T092752.500.png

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Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

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JPJ Running Numbers

KUALA LUMPUR

VPL9471

SELANGOR

BSG6456

JOHOR

JYE2842

PULAU PINANG

PRS8561

PERAK

ANY4859

PAHANG

CFC9138

KEDAH

KGB5694

NEGERI SEMBILAN

NEG5913

KOTA KINABALU

SJL9999*

KUCHING

QAB7831L

Last updated 30 Jul, 2025

Fuel Price

Petrol

RON 95

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RM 3.17

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RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.91

EURO 5 B7

RM 3.11

Last updated 31 Jul, 2025

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