Porsche's sales in China have declined significantly due to increased competition and a cost of living crisis, with third-quarter sales hitting a 10-year low. The electric Taycan model saw a 47% drop in sales, attributed to reduced demand for EVs and specific issues with the model. Despite challenges, Porsche remains optimistic about future sales, while Volkswagen also reported a 15% decline in the same period. The rise of Chinese EV manufacturers like BYD and Geely is further impacting European automakers, leading to speculation about potential sanctions from the Chinese government. Teljes cikk (Euronews.com)