German car giant Porsche has recorded a sharp drop in deliveries to China and Europe in the first quarter of 2025, partly caused by the suspension of some models that do not comply with EU cybersecurity laws.

Sales in China were down 42% to 9,471 units and in Europe, excluding Germany, they were down 10% to 18,017 units in the first quarter. Shipments in Germany fell 34% to 7,495 units in the first three months of the year, Euronews reported.

Porsche AG shares rose 0.27 percent on the Frankfurt stock exchange. The company's shares, however, are down 26.6 percent so far this year.

Porsche's global deliveries also fell 8 percent to 71,470 units in the first quarter of 2025.

Even though the company's North American sales rose 37% to 20,698 units in the first three months of the year, it wasn't enough to make up for weaker performance in other major markets. | BGNES