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Porsche Faces Delays in EV Models Amid Northvolt Bankruptcy

  • Porsche's plans for electric vehicle (EV) models face delays as its battery supplier, Northvolt, faces financial and production struggles.
  • Porsche's reliance on Northvolt for the batteries critical to the EV successors of its Boxster and Cayman models puts the production timeline at risk.
  • Northvolt's production delays and missed delivery schedules have led to financial strain, further complicating Porsche's situation.
  • In addition to the battery supply issue, Porsche is also dealing with a significant sales decline in China, causing the company to rethink its China strategy.

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