On today’s earnings call Porsche said the China market is slowing, the operating
environment remains challenging and changes month-to-month. Management stressed
a cautious, value-first strategy rather than volume growth. Without a local
factory, Porsche said it has no China capacity constraint and can flex European
production and schedules. Porsche delivered 14,501 cars in China in 1H, down
31.93% YoY.