China’s automotive industry is grappling with a growing overcapacity problem as the nation accelerates its transition to electric vehicles. Despite building out more than 20 million units of annual production capacity for new energy vehicles (NEVs), the phaseout of traditional ICE vehicles has barely kept pace. Estimates suggest that only 2 to 3 million units…
Month: April 2025
Can Porsche Bounce Back In China?
Porsche’s China Sales Plunge 42% as Local EV Rivals Surge. Porsche’s vehicle deliveries in China fell sharply in the first quarter of 2025, down 42% year-over-year. The German automaker sold just 9,471 vehicles between January and March, compared to 16,340 units during the same period last year. The company attributed the decline to “the continuing…