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Report: Developing the Electric 718 is Giving Porsche Headaches

  • Porsche is reportedly facing difficulties in managing battery packaging issues with the upcoming 718 EV, potentially causing delays in its release.
  • Porsche's battery supplier, Valmet Automotive, is struggling to meet the automaker's constant revision requests and is facing challenges in getting Porsche to cover the expenses.
  • If the 718 EV is delayed, Porsche may face a gap in its lineup as it phases out the gas variants due to tightening cybersecurity regulations in the EU.
  • Porsche's goal to transition 80% of its sales volume to electric vehicles has been pushed back, and the planned Cayenne EV release could also be delayed due to demand and engineering challenges.

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