Porsche's 2023 financial report: Global sales increased by 3.3% year-on-year, while China sales fell by 15%

Porsche announced its 2023 full-year financial report on the 12th local time. Data show that Porsche achieved revenue of 40.5 billion euros in fiscal year 2023, a year-on-year increase of 7.7% and 37.6 billion euros last year; sales profit increased 7.6% year-on-year to 7.3 billion euros, and the net cash flow of the automotive business was 3.973 billion euros.

The financial report shows that Porsche delivered 320,221 new cars worldwide in 2023, a year-on-year increase of 3.3%. At the same time, China became the only single market for Porsche to decline globally in 2023, with deliveries of 79,300 vehicles, a year-on-year decrease of 15%.

Porsche’s largest single market, previously held by China for eight consecutive years, is now taken over by North America, which delivered 86,100 new cars throughout the year, a year-on-year increase of 9%.

Porsche said it plans to launch a pure electric 718 sports car in the middle of this decade (2020-2030), followed by a pure electric Cayenne.

Not only that, Porsche also plans to launch a pure electric SUV, whose "sporty" positioning will be higher than the Cayenne model. The new concept car is based on the SSP sports platform developed by Porsche and will be built in Leipzig.

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