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Chip shortage is not a problem Porsche (POAHY.US) expects sales to reach new highs this year

Chip shortage is not a problem Porsche (POAHY.US) expects sales to reach new highs this year

The Zhitong Finance APP learned that automobilwoche, a well-known European automotive industry magazine, quoted luxury car manufacturer Porsche (POAHY. THE WORDS OF US) SALES EXECUTIVE REPORTED THAT WHILE ANALYSTS GENERALLY EXPECT THE GLOBAL CHIP SHORTAGE TO CONTINUE, PORSCHE EXPECTS SALES TO HIT NEW HIGHS THIS YEAR.

Due to supply chain disruptions caused by the COVID-19 pandemic and soaring demand for chips from consumer electronics companies, chipmakers have been unable to keep up with demand growth, and almost all automakers around the world have been negatively affected by the shortage of automotive chips.

"When I see the current orders, I'm confident in sales in 2022. Sales growth this year is likely to reach a similarly high level as in 2021. Detlev von Platen said in an interview with the magazine.

Volkswagen's Porsche sales rose 11 percent last year to 301,915 units, meaning that if sales continue at the same rate this year, Porsche will sell more than 335,000 units this year.

Van Platen said Porsche wants to hire more than 400 more people. It is understood that the luxury car manufacturer currently has nearly 40,000 employees.

Van Platen also said in an interview that high demand has led to a forced increase in delivery times. "The waiting time can last for several months, and in some cases it can even be as long as a year." Van Platen said.

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