<ul><li>Porsche is facing a crisis due to struggling amid changing EV demand and lack of flexibility in product planning.</li><li>The company's overly aggressive and inflexible electrification strategy, aiming for 80% electric worldwide by 2030, is causing issues.</li><li>Porsche cut jobs citing delayed ramp-up of electromobility, with revenue goals reduced by about $2.2 billion and 8,000 more jobs at stake.</li><li>Competition in China, where high-horsepower EVs are cheap, is also impacting Porsche's sales, with a 42% drop in first-quarter sales and potential market exit.</li></ul>

Porsche Blames Electrification For Deepening Crisis

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