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Porsche loses 'premium' tag in China, thanks to 'smarter' tech at budget price

Times of India LogoTimes of India3d ago

Porsche loses 'premium' tag in China, thanks to 'smarter' tech at budget price - Times of India

Quick Summary:

German automakers are losing their dominance in China’s high-performance car market to Chinese rivals like Xiaomi, whose electric, AI-equipped models offer powerful performance at lower prices.

Porsche, significantly affected, saw its 2024 China sales drop by 28%, leading to global delivery declines and job cuts.

In Oct, the car set a record for the "fastest four-door sedan," and industry media and car fans cheered the news, excited that the SU7 had beaten Porsche's Taycan by 20 seconds.

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Article Details

Author / Journalist: NYT News Service

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 07:59:21 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 26238435

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 15 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 54 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

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  • URL: https://beamstart.com/news/porsche-loses-premium-tag-in-17398414093211

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