Porsche lowered its full-year forecast due to a shortage in aluminum supplies.
The automaker expected that the transition from traditional cars to e-vehicles would take longer than previously expected, as it aimed for 80% of its car sales to be fully electric by 2030.
Porsche indicated that adjusting its target was mainly due to weak demand from customers.
In a related context, executives at automakers from Mercedes-Benz to Renault have warned in recent months that the goals they set for electric car sales were too ambitious and may be difficult to achieve.
Porche share price dropped 1.24% today to 41.46 euros, and dropped 11.45% in one year time.
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