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Formula E

Every EVXL story tagged “Formula E” — newest first.

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Porsche CEO Michael Leiters reveals a 98% profit drop in 2025 annual results. Explore how €4.7 billion in EV writedowns, U.S. tariffs, and a China sales slump are forcing a high-margin pivot back to combustion and hybrid flexibility. - Porsche Macan EV Charges Ahead with Impressive EPA Range and Cutting-Edge Tech
Formula E · Porsche

Porsche’s 2025 Annual Results Reveal 98% Profit Collapse — CEO Leiters Bets on High-Margin Reset

The numbers landing on Michael Leiters’ desk for his first annual results press conference as Porsche CEO are brutal by any measure. Full-year 2025 operating profit fell 98% from €5.3 billion to just €90 million after €4.7 billion in writedowns tied to the company’s abandoned EV roadmap. Global deliveries dropped 10%. The Taycan sold 16,339…

Porsche Rejects Artificial Gear Changes for EVs, Citing Superior Electric Performance
Porsche

Porsche May Merge Taycan and Panamera Into One Model as Taycan Sales Hit All-Time Low

Porsche sold just 16,339 Taycans globally in 2025. That’s down from a peak of 41,296 in 2021 — a 60 percent collapse in four years. Those are the numbers sitting on incoming CEO Michael Leiters’ desk as he reportedly weighs whether to fold the Taycan and Panamera into a single unified model line. Leiters Arrives…

Porsche Bets On $165,000 Electric Cayenne Weeks After Declaring Luxury EV Pricing Model Broken
Porsche

Porsche Bets On $165,000 Electric Cayenne Weeks After Declaring Luxury EV Pricing Model Broken

Porsche unveiled the 2026 Cayenne Electric today, crowning it the most powerful production vehicle in the German automaker’s 77-year history with a staggering 1,139 horsepower. The launch comes just weeks after Porsche posted a $1.1 billion quarterly loss and declared that its luxury EV business model no longer works. The electric SUV will arrive in…

China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

BYD Hits Pause on Mexico Factory Plans Ahead of US Election

China’s top electric vehicle maker, BYD, has decided to put its Mexico factory plans on hold until after the US election, according to a recent report from the South China Morning Post. This move comes as global businesses adopt a wait-and-see approach due to shifting American policies. Uncertainty in the Air: The US Election Impact…

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