Porsche China Is Confident of Results of 2021: CEO

The transcript discusses Portia's performance in the Chinese market, highlighting record sales and demand exceeding supply. It addresses challenges for 2021, including the pandemic's impact on production and transport. The closure of China's borders has shifted luxury spending towards Portia, boosting sales. The demand for electric vehicles, particularly the Tycoon model, is growing, with many new customers. Investment priorities focus on innovation and digitalization. The semiconductor shortage is a concern, but Portia has managed to mitigate its impact. Geopolitical tensions are acknowledged, but the focus remains on fulfilling customer dreams. Competition from Tesla and Chinese brands is noted, with an emphasis on innovation.

How has the demand for electrified vehicles been in the Chinese market?

What is the significance of the Chinese market for Portia?

What strategies does Portia employ to mitigate the impact of geopolitical tensions?