Why Porsche is no longer a ‘premium’ sports car in China

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Open this photo in gallery: Attendees examine a Porsche Taycan at the Beijing Auto Show, on April 25, 2024.GILLES SABRIE/The New York Times News Service After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to one that is electric, smart and affordable. Many new Chinese vehicles resemble their German rivals, including the wildly popular Xiaomi SU7, which mimics Porsche’s Taycan. The SU7 rivals the Taycan in power and braking, but it also includes integrated artificial intelligence that can, for instance,...