In FY2021, Porsche is certainly one of the most high-profile luxury car manufacturers in the industry. While creating a record high, Porsche has made its goal for the era of electrification more clear, hoping to increase the proportion of pure electric models in new vehicles to more than 80% by 2030.
According to the financial report, Porsche's operating income in 2021 was 33.1 billion euros, an increase of 4.4 billion euros from the previous fiscal year, an increase of 15% year-on-year. Profit from sales was EUR 5.3 billion, an increase of EUR 1.1 billion from the previous fiscal year. Porsche reported a 16.0% return on sales in FY2021.
In the 2021 fiscal year, Porsche's global net cash flow increased by EUR 1.5 billion to EUR 3.7 billion. This means an increase in Porsche's profitability. It also empowers companies to invest in electrification, digitalization and sustainability. Porsche wants to achieve a return on sales of at least 15% per annum in the long term.
In 2021, Porsche delivered a record 301,915 new cars worldwide. The best-selling models remain the two major SUV models, the Macan (88,362 units) and the Cayenne (83,071 units). In addition, the taycan delivery of pure electric sports cars more than doubled to 41,296 units.
The Porsche 911 delivered a total of 38,464 units, also setting a new record for performance. Given the Taycan's strong performance in selling more than the 911, Porsche should be extremely optimistic about the prospects for electrification of the 718 series, which is expected to launch around 2025.
Last year, Porsche delivered nearly 40% of new vehicles in Europe, including plug-in hybrid and all-electric models. To achieve its goal of being carbon neutral by 2030, Porsche expects electric model sales to account for half of overall sales by 2025. To achieve this, Porsche is investing with partners in the construction of high-end charging stations, as well as Porsche's own charging infrastructure.
In 2021, China once again became Porsche's largest single market, with a total delivery of nearly 96,000 units, an increase of 8% year-on-year. Porsche delivered more than 70,000 units in the U.S., up 22% year-on-year. In Germany, new Porsche car deliveries increased by 9 percent to nearly 29,000 units.
Porsche plans to continue to promote new product plans in the Chinese market, two Taycan derivative models: Taycan GTS and Taycan Cross Turismo will make their Asian debuts and start pre-sales at the 2022 Beijing International Auto Show, and Porsche's lineup of new energy models in China will also increase to 21 models.
With the expansion of the new product lineup, the continuous improvement of infrastructure construction, and the deepening of localization research and development, Porsche's development prospects in the Chinese market remain optimistic for the foreseeable future.