Streetbeat News

POAHY

Porsche Automobil Holding SE

https://www.porsche-se.com/

Industry

Automobile Manufacturing

Open

3.90

Mkt cap

12B

Volume

65K

High

3.92

P/E Ratio

2.17

52-wk high

5.58

Low

3.90

Div yield

0.08

52-wk low

3.83

Volkswagen's subsidiary Porsche is accelerating its shift to electric vehicles by ending the production of some internal combustion engine models earlier than planned. This move follows Volkswagen's recent $5 billion investment in Rivian Automotive, a competitor to Tesla. Porsche will discontinue petrol-powered versions of its Macan SUV and 718 sports cars to focus on electric versions.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:57 am

Chinese carmakers have urged Beijing to increase tariffs on European gasoline cars in retaliation for the EU's tariffs on Chinese-made electric vehicles. This move could impact several car manufacturers, including BYD, BMW, Volkswagen, and Porsche.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 11:57 am

Xiaomi (OTC:XIACF) announced its first electric vehicle, the SU7 sedan, will be priced below $70,000. The vehicle, with two versions offering up to 800km range, surpasses Tesla's Model S in range. Official pricing will be revealed on March 28, with orders starting subsequently. Xiaomi aims to enter the top five automakers, with the CEO comparing the SU7 to Porsche Taycan and Tesla Model S. Despite new initiatives expenses, Xiaomi reported a 126.3% year-on-year profit growth for 2023.

Portfolio Pulse from Anan Ashraf

March 25, 2024 | 12:01 pm

Porsche AG (OTC:POAHY) has seen its market value decrease by about a fifth since last year, with its price-to-earnings multiple also declining, contrasting with the high expectations from its IPO. Challenges such as a downturn in China, Porsche's largest market, and production issues with the electric Macan SUV have contributed to the decline. Despite this, analysts see a potential 34% gain in Porsche's stock over the next 12 months. Porsche is set to reveal its electric Macan in Singapore, which aligns with its strategy to innovate while maintaining brand identity.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 11:56 am

Porsche Automobil Holding SE (OTC:POAHY) has teased its upcoming electric Macan, which will be fully revealed in Singapore. The EV maintains Porsche's design ethos while offering a 100 kWh battery, fast charging up to 270 kW, and a range of over 500 km. This model is a key part of Porsche's electrification strategy, complementing the Taycan and marking a significant step in the company's sustainable mobility efforts.

Portfolio Pulse from Anan Ashraf

January 23, 2024 | 12:49 pm

Consumer Reports' annual survey on auto brand reliability did not feature any U.S. automakers in the top ten, with Toyota (TM) and its Lexus brand leading the list. BMW's Mini, Honda's Acura and Honda, Subaru, Mazda (MZDAY), Porsche (POAHY), BMW, and Hyundai's Kia were also in the top ten. U.S. brands like General Motors' Buick (GM), Tesla (TSLA), and Ford (F) trailed behind, with Tesla ranking 14th. The survey also noted that hybrids had fewer problems than ICE vehicles, while PHEVs and EVs, including electric pickup trucks, had more issues. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) closed down 0.55%.

Portfolio Pulse from Shanthi Rexaline

December 18, 2023 | 6:44 am

BMW (OTC:BMWYY) is set to launch its luxury electric i7 Sedan, starting at $105,700, with a performance that rivals Mercedes-Benz EQS and Porsche Taycan. The i7 xDrive 60 variant costs $124,200 and offers 536 horsepower with a range of up to 317 miles. Tesla investor Ross Gerber sees the i7 as a strong competitor to Lucid Motors (NASDAQ:LCID), potentially impacting Lucid's market position.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 7:29 am

Porsche AG and Google have announced plans to deepen their partnership, aiming to integrate Google's digital services more extensively into future Porsche vehicles. The collaboration will focus on enabling Google services for navigation, speech recognition, and access to its app ecosystem in upcoming Porsche models. The production phase for these enhanced vehicles is set to begin midway through this decade.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 8:37 am

The European Commission is considering imposing tariffs on Chinese electric vehicle (EV) imports, which could benefit European automakers like Renault SA and Stellantis N.V. due to reduced competition. However, German automakers like BMW AG, Mercedes-Benz Group AG, and Porsche Automobile Holding SE could face risks due to their exposure to the Chinese market. Chinese EV makers like BYD Co. Ltd., NIO Inc., and Li Group Inc. could also be negatively impacted.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 8:01 pm

The IAA motor show in Munich highlighted the strength of China's EV market, with Tesla unveiling an improved Model 3 and Chinese brands BYD and XPeng showcasing their models. European automakers also revealed their EV plans, with BMW unveiling a concept car for its new EV series, Mercedes-Benz revealing a coupe-style EV, and Volkswagen aiming to halve battery cell costs through its partnerships in China.

Portfolio Pulse from Upwallstreet

September 06, 2023 | 5:11 pm

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