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Porsche might shelve plans for electric Boxster and Cayman sports cars

  • Bloomberg reported that Porsche AG's board is considering abandoning the all-electric Boxster and Cayman due to development delays and rising costs making production unlikely.
  • Porsche AG is reconsidering all-electric Boxster and Cayman models due to rising costs and weakened demand in China, with CEO Michael Leiters, CEO, citing a potential €1.8 billion profit hit in 2025.
  • Loss of Northvolt as a supplier and Porsche developing in-house battery modules complicate sourcing, while hybrid 718 variants require different underpinnings and more investment.
  • Reversing earlier plans, Porsche AG had planned to end gas-powered Cayman and Boxster production last year but now pivots back to combustion and hybrid models, affecting Volkswagen AG and production planning.
  • Even if Porsche AG pauses the all-electric 718s, observers say the halt is likely temporary as electrification trends persist, while decisions will impact suppliers, production plants and the US market amid import tariffs.
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Porsche may have to scrap its electric 718 Cayman and Boxster projects. The carmaker has a new CEO who took over on January 1, 2026, and is reportedly considering suspending development of the two sports cars, according to the Telegraph. According to Bloomberg, “people familiar with the matter” said that the rising costs of the electric 718 and mounting development delays are hampering the project. Porsche ended production of the previous-genera…

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Bloomberg broke the news in United States on Monday, February 2, 2026.
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