# Porsche AG reports sharp fall in China deliveries
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-07-09
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Porsche AG Reports Sharp Fall in China Deliveries
Meta Description: Explore Porsche's latest report on a 7% drop in global deliveries, with China deliveries plummeting by 33%. Discover the impact of tariff tensions and market challenges.
URL: https://startupobserver.com/porsche-ag-reports-sharp-fall-in-china-deliveries/

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## Porsche AG reports sharp fall in China deliveries

(Reuters) -German sportscar maker Porsche said on Tuesday that global vehicle deliveries were down 7% in the first half of the year compared to the same period in 2023, primarily driven by a 33% year-on-year drop in China.

Porsche, majority-owned by Volkswagen , is highly exposed to the EU-China tariff tensions, with deliveries to China accounting for nearly 20% of global [deliveries.](https://startupobserver.com/porsche-deliveries-up-in-every-region-but-china-in-first-9-months-of-2023/)

An HSBC analyst pointed to weakness in the European car [market,](https://startupobserver.com/athletic-footwear-market-is-expected-to-generate-a-revenue-of-usd-193-3-billion-by-2031-globally-at-4-88-cagr-verified-market-research/) saying that “the market is, understandably, worried about China pricing weakness and the prospect of needing to pay dealer compensation.”

Overall, [Porsche](https://startupobserver.com/porsche-ceo-there-is-no-conflict-between-e-mobility-and-e-fuels/) delivered 155,945 cars worldwide during the first six months of the year.

In North America, deliveries were down 6% year-on-year. Meanwhile, in Porsche’s home [market](https://startupobserver.com/athletic-footwear-market-is-expected-to-generate-a-revenue-of-usd-193-3-billion-by-2031-globally-at-4-88-cagr-verified-market-research/) of Germany, deliveries increased by 22% to 20,811 vehicles.

(Reporting by Eva Orsolya Papp and Marleen Kaesebier, Editing by Friederike Heine)


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