Porsche loses 'premium' tag in China, thanks to 'smarter' tech at budget price
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.
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. What's Your Reaction?
