Porsche Is No Longer a ‘Premium’ Sports Car in China

Chinese drivers are buying affordable electric vehicles loaded with new technology, a trend that is redefining high-end vehicles and hurting German automakers. Automobiles, Electric and Hybrid Vehicles, International Trade and World Market, Porsche AG, Xiaomi Tech, China, Mercedes-Benz, Ford Motor Co, European Union, Protectionism (Trade), Computers and the Internet, Customs (Tariff) Chinese drivers are buying affordable electric vehicles loaded with new technology, a trend that is redefining high-end vehicles and hurting German automakers. NYT > Business

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