Part 4/9:

In recent months, Porsche's guidance for deliveries and profits has been repeatedly cut, marking the first time such downgrades have occurred in its history. The company’s stock (SA shares) has also depreciated by about 25% this year, reflecting investor concerns over its declining financial outlook.

Challenges in the Global and Chinese Markets

The decline is not isolated to Europe or the United States; the Chinese market, once a pillar of demand for luxury vehicles, is also facing headwinds. Chinese consumers are increasingly choosing locally produced electric vehicles from companies like BYD, Xiaomi, and Leap Motor, which offer comparable or superior specifications at significantly lower prices.