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.