
Porsche loses ‘premium’ tag in China, thanks to ‘smarter’ tech at budget price
BERLIN: After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to one that is electric, smart and affordable.Many new Chinese vehicles resemble their German rivals, including the popular Xiaomi SU7, which mimics Porsche’s Taycan. The…