Porsche pushes back the launch of its second EV to 2021

Porsche pushes back the launch of its second EV to 2021 1

To some extent, Porsche is taking advantage of uniquely favorable conditions. It still expects to turn a profit in 2020 despite COVID-19, helped both by the Taycan as well as a recovering Chinese car market. The company did have to cut costs, but it has so far refused to cancel new models.

As it stands, the Cross Turismo should play a crucial role in Porsche’s transformation. It’ll join the upcoming Macan EV in bringing electric Porsches to a more mainstream audience. Porsche expects 40 percent of its cars to be completely electric by 2025 — it won’t get there without more practical people haulers. The Cross Turismo’s later release suggests Porsche is confident it will hit that goal without having to rush new models to market.

Porsche pushes back the launch of its second EV to 2021 2
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,398 0.23 % 0.07 % 8.39 %
Ethereum3,048.6 0.40 % 0.23 % 8.61 %
Cardano2.190 0.16 % 3.44 % 4.28 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin345.58 0.04 % 1.07 % 15.69 %
XRP0.9459 0.01 % 0.08 % 9.83 %
Solana143.96 1.02 % 3.59 % 6.11 %
USD Coin1.000 0.00 % 0.14 % 0.11 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2038 0.45 % 1.67 % 13.11 %

bitcoin
Bitcoin (BTC) $ 43,445.00
ethereum
Ethereum (ETH) $ 3,060.77
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 346.75
xrp
XRP (XRP) $ 0.949578
solana
Solana (SOL) $ 145.28
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.67
dogecoin
Dogecoin (DOGE) $ 0.204911