A few days ago, Porsche officially released the latest financial situation, its sales profit for the first three quarters of 2020 reached 2 billion euros, equivalent to 15.631 billion yuan; Revenue was 19.4 billion euros, representing a 10.4 percent return on sales, but profit fell 28 percent from the same period in 2019.

       Lutz Meschke, vice chairman and member of Porsche's global executive board in charge of finance and information technology, was pleased with the results, saying: 'Continuously optimized processes are an integral part of the DNA of the Porsche brand and we are benefiting from them.'

       To be specific, from January to September 2020, Porsche delivered 191,547 new cars globally, down 5% year-on-year. China is still Porsche's largest single sales market in the world, with 62,823 vehicles delivered in the first three quarters, accounting for about one-third of global deliveries, and has basically returned to normal.

       In terms of models, Porsche delivered 25,400 911 units in the first nine months of the year, up 1% from a year earlier. Taycan, an all-electric sports car launched in September 2019, delivered nearly 11,000 units in the first three quarters. Oliver Blume, Chairman of Porsche global Executive Board, said, "The new 911 and Taycan, Porsche's first all-electric sports car, demonstrate our innovative strength and exceed our sales expectations."

      Porsche, meanwhile, will invest €15bn in new technology over the next five years, with a long-term strategic target of a 15% return on sales. "The 2020 target is not realistic due to the pandemic, but we are confident that we can still achieve a double-digit return on sales by the end of this year, guided by a long-term strategy," Said Metzger.