Over the past financial year, Porsche AG has underpinned its position as one of the world’s most profitable automobile manufacturers having reached a new all-time high in both sales revenue and operating profit.
Oliver Blume, Chairman of the Executive Board of Porsche AG said, “Our positive business result is based on courageous, innovative and forward-looking decisions,”
Our industry is experiencing what is probably the greatest transformation in its history.”
This growth comes despite continued woes such as the global semiconductor shortage amongst others. Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT adds, “We are resolutely driving forward investments in electrification, digitalisation and sustainability. I am optimistic that Porsche will emerge from the current global crises stronger.”
On that front, Blume notes, “Porsche is looking at the armed conflict in Ukraine with great concern and dismay,”
We continue to hope for a cessation of hostilities and a return to diplomacy. The safety and integrity of the people are paramount.” As such, Porsche AG has donated €1 million to assist people in need in Ukraine. Another impact of the conflict as that supply chains for Porsche plants have been affected, ultimately leading to on-schedule production no longer being a possibility for some models.
In 2021, Porsche delivered 301 915 vehicles globally, exceeding the 300 000 mark for the first time in the companies history. Even more impressive, however, is the fact that nearly 40 percent of all new Porsche vehicles delivered in Europe were either plug-in hybrid or fully-electric models. Additionally, the Stuttgart manufacturer announced their intention to be carbon-neutral in 2030. In order to achieve this, more than 80 percent of Porsches new vehicles sold will have to be electric. This might seem far off now, however Blume notes, “In 2025, half of all new Porsche sales are expected to come from the sale of electric vehicles – i.e. all-electric or plug-in hybrid.”
In order to achieve this, Porsche will focus on growing their own charging infrastructure, as well as investing in premium charging stations together with other partners. This goes hand in hand with the development of new electric technologies such as high-performance battery cells which should be available for series production by 2024.
