Porsche China said that "not seeing Xiaomi as a competitor" is a misunderstanding.

Recently, there have been reports that Porsche CEO Oliver Blume stated during the 2025 Shanghai Auto Show that "Porsche is considering stopping the sale of electric vehicles in China" and "Porsche does not consider Xiaomi as a competitor." On the 29th, Porsche China responded that the above information was all misinterpreted. "Porsche will continue to steadfastly promote electrification in China and will accelerate the provision of products with local smart solutions. Our next pure electric model will be a brand-new pure electric Cayenne." Porsche China stated that Porsche has been closely observing these excellent brands emerging in the Chinese market and will seriously study their products.