Porsche shares plunge

Porsche shares fell by more than 7% on Monday. The reason — the company announced delays in its electric vehicle production plans. This is expected to negatively impact 2025 earnings.

Due to declining demand, Porsche is slowing down EV production. Volkswagen shares also dropped after the company announced major expenses to update its model lineup.

Porsche said it will cut its profit margin from 7% to 2%. US tariffs, the slowdown in the Chinese market, and weak progress in electric mobility were cited as key challenges.

The launch of new EV models will be delayed, while combustion engine and hybrid cars will continue to be produced. Experts link this decision to Chinese competition and economic difficulties in Europe.

Oqiljon Muhammad

Editor of «ZAMIN.UZ»