Volkswagen and Porsche Face Major Sales Decline Amid Chinese Market Challenges

Volkswagen's global deliveries fell 7% in Q3, with Porsche experiencing a 29% drop in China, highlighting the intense competition from local electric vehicle manufacturers.

Volkswagen's overall deliveries decreased by 7.1% in the third quarter, with significant declines in key markets such as China and the US.
Porsche reported a 29% drop in sales in China over the first nine months of the year, contributing to a global sales decline of 7%.
The competitive landscape in China, dominated by local EV makers like BYD, is pressuring European automakers, including Volkswagen, BMW, and Mercedes-Benz.
Volkswagen's fully battery electric vehicle deliveries fell nearly 10% globally, despite cost-cutting measures and price reductions aimed at boosting sales.
Both BMW and Mercedes-Benz also reported decreased sales in China, with BMW's deliveries down 30% due to demand issues and a braking system recall.