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While some Chinese brands are starting to encroach on Porsche's territory, the German brand believes it is unique enough to capitalise.
Electric Cars
Porsche believes having more Chinese brands in Australia is beneficial as it positions itself as the second- or third purchase down the line for aspiring buyers.
Speaking to Australian media, Porsche Cars Australia CEO and managing director Daniel Schmollinger said he views the rise of Chinese brands as “an opportunity” rather than a challenge.
“I wouldn’t call it concern; I wouldn’t call it worried; I look at it as an opportunity,” Schmollinger said.
“They’re obviously in a different price range from where we are.
“I’m actually happy to see these brands being successful here because at one point in time we will see, like after three years, first-time electric in a Chinese brand, people will want what’s next.
“And what is the next step? Then we are here for them.”
For context, the most affordable Porsche electric vehicle (EV) is the $129,800 before on-road costs Macan, which is positioned more than $100,000 above the cheapest Chinese EV, the BYD Atto 1 ($23,990).
However, Chinese brands are also pushing into the luxury space with the likes of Denza and IM by MG Motor, which could offer a more sensible step-up to a Porsche.
In terms of other EV offerings, Porsche also has the Taycan and Cayenne Electric, priced respectively from $181,200 and $167,800.
While Porsche – known for high-end German sports cars – may not initially seem like a marque under threat from new Chinese players, a number of brands from China are starting to encroach on its territory.
Notably, Porsche held the Nurburgring lap record for a four-door electric car with its Taycan Turbo GT with Weissach Package in early 2024.
However, the brand was only able to hold onto that record for around seven months before Xiaomi claimed the title with its SU7 Ultra, beating Porsche’s time by nearly nine seconds.
BYD’s Yangwang U9 Xtreme has also recently claimed the title of the world’s fastest car, topping 496.22km/h, and achieving a sub-seven-minute Nurburgring lap time – putting it close to the 911 GT3 RS and 918 Spyder.
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Tung Nguyen has been in the automotive journalism industry for over a decade, cutting his teeth at various publications before finding himself at Drive in 2024. With experience in news, feature, review, and advice writing, as well as video presentation skills, Tung is a do-it-all content creator. Tung’s love of cars first started as a child watching Transformers on Saturday mornings, as well as countless hours on PlayStation’s Gran Turismo, meaning his dream car is a Nissan GT-R, with a Liberty Walk widebody kit, of course.
