Porsche announces strategic realignment and EUR 1.3 billion in 2025 restructuring costs On May 21, Porsche AG's CEO outlined a new strategy to secure the company's future amid global challenges at the third Annual General Meeting on May 21, 2025. The plan includes updates to both products and company operations. Porsche is adjusting to slower global progress toward electric mobility. As part of this shift, it will refocus its battery strategy and...

News  Updated at: 2025/05/21

20 EV brands registered in Malaysia between January and April 2025.  BYD led the market with 3,207 units registered, followed by Proton with 2,537 units of the eMas 7. Tesla came in third with 735 units, ahead of BMW with 587 units, Denza with 395 units, XPeng with 380 units, Zeekr with 360 units, Porsche with 208 units, MG with 192 units, and MINI with 154 units. GWM was ranked 11th with 145 units, followed by Mercedes-Benz (129 units), Volvo (...

News  Updated at: 2025/05/20

i) Pilot Free Trade Zone (SHFTZ) website dated May 12, Xiaomi EV recently signed a property lease agreement with Xin Development Company, a Waigaoqiao Group subsidiary, to establish a flagship center in the third phase of the Xin Park complex, neighboring prestigious automotive projects such as the Porsche China Training Center and the Tesla Waigaoqiao Hub. Covering a floor area of over 15,000 square meters, the facility will integrate functions ...

News  Updated at: 2025/05/19

facturers Association (ACEA), European manufacturers export up to 60% of the vehicles they make in the US. Additionally, the US is the most important export market for Germany’s auto industry. In March, BMW warned that the growing trade conflicts could cost the company $1 billion this year, while Porsche and Mercedes-Benz are facing a potential $3.7 billion blow from new US tariffs on imported cars. Individually, any one of these markets becomi...

News  Updated at: 2025/05/08

Pirelli develops bespoke P Zero R for Porsche 911 GTS Pirelli Tyre S.p.A. (Pirelli) has developed a bespoke version of the P Zero R tire for the new Porsche 911 GTS, the first hybrid-powered model in the Porsche 911 range. The new tire balances sportiness with everyday usability. Its newly designed compound ensures an excellent grip across various surfaces and in all weather conditions, especially in wet conditions. The tread pattern reduces nois...

News  Updated at: 2025/05/06

Porsche revises 2025 forecast due to U.S. tariffs and EV market challenges On April 28, Porsche AG has revised its 2025 outlook mainly due to adjusting its global supply strategy due to growing geopolitical challenges. This is especially in China, where weak demand for electric luxury cars is expected to impact 2025 performance. New US import tariffs will hurt sales in April and May 2025, and this impact is included in the updated forecast. Howev...

News  Updated at: 2025/04/29

MHP partners with Cybus, Germany to increase Industry 4.0 digitalization and smart manufacturing On April 24, MHP, a Porsche subsidiary, announced a long-term partnership with Cybus, a software company from Hamburg specializing in Industry 4.0 solutions. Cybus GmbH is known for providing data integration and DataOps solutions, which help industrial companies collect and process plant data for better process optimization. Their on-premises solutio...

News  Updated at: 2025/04/28

Auto Shanghai 2025: Porsche presents 911 Spirit 70 and GT3 version On April 24, Porsche showcased two special versions of its 911 models i.e., the 911 Spirit 70 and the 911 GT3 in the Auto Shanghai 2025. The display featured nine classic Porsche cars on a 1970s meets modern themed stand, highlighting the 911 Spirit 70—the third model in Porsche’s Heritage Design collector series. Porsche 911 Spirit 70 is limited to 1,500 units, based on the 9...

News  Updated at: 2025/04/24

l 2++ functions for both urban and highway scenarios and will be available on compact vehicles starting in 2026, paving the way for future Level 3 capabilities. By 2027, Volkswagen plans to launch over 20 NEV models in China, and around 30 fully electric models by 2030. The event also showcased the Porsche 911 GT3, Lamborghini Temerario, Bentley Continental GT Convertible Azure, and Ducati motorcycles. Executives emphasized China’s role as a gl...

News  Updated at: 2025/04/23

Fraunhofer IZM, Germany unveils 'Dauerpower' inverter for high-performance EVs On April 16, Fraunhofer IZM announced that it has developed a power inverter called the "Dauerpower" inverter, designed for modern electric vehicles. The project was funded by the Federal Ministry for Economic Affairs and Climate Action and carried out in collaboration with Porsche AG and Robert Bosch GmbH. The Dauerpower inverter delivers about 600 kW (815 hp) of cont...

News  Updated at: 2025/04/17

ia in the first 3 months of 2025.  BYD led the market with 2,159 units registered, followed by Proton with 1,738 units of the eMas 7. Tesla secured third with 627 units, while BMW landed in fourth with 468 units. Rounding out the top 10 were Zeekr (269 units), Denza (238 units), XPeng (227 units), Porsche (163 units), MG (155 units), and MINI (120 units). Ranked 11th was GWM with 101 units, followed by Mercedes-Benz with 89 units, Volvo’s 85 u...

News  Updated at: 2025/04/15

VARTA, Germany secures future investments with fresh liquidity On April 1, VARTA AG announced that it had completed its balance sheet restructuring and strategic realignment. Dr. Michael Tojner and Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche”) are new indirect shareholders of the company. Following the cash and non-cash capital increase in the amount of EUR 60 million and the provision of new financing for EUR 60 million, its liquid...

News  Updated at: 2025/04/07

Porsche cancels Nardò Technical Center, Italy expansion plan On March 27, Porsche decided to cancel its development plan for the Nardò Technical Center (NTC) in Apulia, Italy. NTC remains a key part of Porsche Engineering's testing and development, operating year-round for global automotive clients. Since 2023, a software unit in Lecce has strengthened its tech capabilities in southern Italy. Porsche initially planned to expand NTC’s services...

News  Updated at: 2025/03/28

Porsche launches pilot project for high-voltage battery recycling and sustainability On March 27, Porsche launched a pilot project to recycle raw materials from high-voltage batteries and explore a closed-loop recycling system. The initiative supports the growing need for sustainable battery materials and responsible battery disposal. In the future, Porsche plans to build a recycling network with external partners. The project has three phases. F...

News  Updated at: 2025/03/27

Porsche enhances digital experience with upgraded PCM system and new features On March 26, Porsche announced that it is enhancing the digital experience in the 911, Taycan, Panamera, and Cayenne models with a revised Porsche Communication Management (PCM) system for the new model year. The updated system is faster, offers better performance, and now includes access to the Porsche App Center. The new features include Dolby Atmos for improved sound...

News  Updated at: 2025/03/27

MHP showcases software-defined manufacturing and AI-driven production at Hannover Messe 2025 in Germany On March 17, MHP, a Porsche subsidiary announced that it will showcase Software-defined manufacturing (SDM) and AI at Hannover Messe, Germany from March 31 to April 4, 2025, at the AWS partner stand. SDM is a game-changer for efficient, future-ready production. It separates control software from machine hardware, running it on a central platfor...

News  Updated at: 2025/03/26

24-25). International automotive brands joining the show included Aion, Audi, Aston Martin, BMW, BYD, Changan (Deepal / AVATR), Farizon, Ford, Denza, Geely, GWM, Honda, Hyundai, Isuzu, Juneyao, Jeep, Lexus, Maserati, Mazda, Mercedes-Benz, MG, MINI, Mitsubishi, Neta, Nissan, Omoda & Jaecoo, Peugeot, Porsche, Riddara, Rolls-Royce, Suzuki, Toyota, Volvo, XPeng, and Zeekr. Meanwhile, the 2-wheeler brands included BMW Motorrad, Harley-Davidson, Thai H...

News  Updated at: 2025/03/24

IL Science to supply silicon lens lamps to improved Tesla Model Y Several South Korean media sources reported that South Korea’s IL Science Co., Ltd. has begun supplying silicon lens lamps for the improved version of the Tesla Model Y (Juniper) in February 2025. The company’s silicon lens lamps are used for various Hyundai and Kia models. The supply for the Porsche models has also been determined. (Based on several releases on March 13, 2025)...

News  Updated at: 2025/03/20

MHP and Innoactive, Munich unveil XR Streaming Platform at NVIDIA GTC AI conference, US On March 17, MHP, a Porsche subsidiary announced that it will showcase visualization technology in collaboration with Innoactive, Munich at the NVIDIA GTC AI conference in California from March 17-21, 2025. Their XR Streaming platform quickly streams large 3D datasets to devices such as Apple Vision Pro. Built on NVIDIA Omniverse, the technology helps create a...

News  Updated at: 2025/03/19

Porsche to cut 3,900 jobs by 2029 On March 12 and 13, multiple sources reported that Porsche plans to cut about 3,900 jobs to increase profitability. By 2029, 1,900 positions will be reduced through demographic changes, natural turnover, and a restrictive hiring policy. Another 2,000 jobs will be phased out as fixed-term contracts expire. Based on multiple sources...

News  Updated at: 2025/03/18