The fastest way to tell an EV segment is in trouble is to watch where the production lines go quiet.
In today's issue:
Porsche suspended Taycan production over weak demand, as owner data shows an $84,000 loss on a $252,000 car in eight months — with a 1,153-hp AMG rival arriving in the same window
Nissan's UK subsidiary scrapped its EV powertrain manufacturing plan, per Reuters
DEMAND PROBLEM
Porsche Stopped Building the Taycan. The Market Already Said Why.
Porsche has suspended Taycan production at Zuffenhausen due to weak demand, per Auto Motor und Sport; no restart date has been announced.
One owner paid $252,485 for a Taycan Turbo GT in September 2025, drove roughly 9,000 miles, and sold it for $84,000 below sticker eight months later, per autoevolution.
Mercedes-AMG just revealed a direct rival: the GT 4-door EV at 1,153 hp with selectable synthesized V8 cabin sound, per Autoblog, arriving precisely as Taycan demand softens.
The production halt is not a scheduling gap: Porsche built more Taycans than the market will absorb. One owner's $84,000 loss in eight months shows the direction the overhang is moving. Buyers holding a Taycan now face falling used-car prices and a 1,153-hp AMG competitor arriving in the same segment; buyers considering a new one face a brand whose factory went quiet without a restart date.
Also worth knowing
VW prices a new China-exclusive EV sedan at $16,170: The ID. UNYX 07, co-developed with Xpeng on a China-exclusive CEA architecture, launches at 109,900 yuan ($16,170), with 558 km CLTC range, per CarNewsChina and CnEVPost. VW paired the sedan launch with an upgraded ID. UNYX 06 SUV reveal at the same event. #market
Xiaomi's CEO admitted the YU7 was priced wrong, then launched a cheaper one: At the May 21 "Human x Car x Home" event, CEO Lei Jun publicly acknowledged the original YU7 was not competitive against the Tesla Model Y on price, then unveiled the YU7 True Standard variant to fix it, per The Next Web. #market
BMW's iX1 production paused because a German plant ran out of standard wheels: The factory has enough 17- and 18-inch wheels through May but not for June, per Carscoops. Customers face delivery waits as long as October, or can upgrade to 19-inch rims. The bottleneck has nothing to do with batteries or chips. #analyst
Britain's used-EV residual values are straining lenders: Automakers and banks are grappling with how to manage EV residual values in the UK second-hand market, per the Financial Times. EVs are depreciating faster than projected at lease origination, creating finance-side exposure that will flow through to new-car lease pricing. #market
Nissan subsidiary scraps UK EV powertrain plan: A Nissan subsidiary has abandoned its plan to build electric powertrains in the UK, per Reuters. No replacement plan or timeline has been announced. The scrapped commitment sits alongside today's Porsche Taycan halt as a supply-side signal: OEMs are revising EV manufacturing footprints as demand normalizes. #analyst
Recalls & legal action
GM recalls 2,464 Escalade, Tahoe, and Yukon SUVs for wheel-hub bolt defect: Incorrect front wheel hub bolts on certain full-size GM SUVs can lead to wheel separation and crash risk, per Autoblog and GM Authority. No remedy timeline has been announced.
Quick links
Volvo's last US wagon ended production: The V60 Cross Country stopped production in April 2026, per Autoblog.
F1 teams accept shorter races to unlock 2027 engine rule changes: Teams agreed in principle after Miami to shorten some grands prix as part of a package enabling 2027 power unit revisions, per The Race.
Sources: Auto Motor und Sport · autoevolution · Autoblog · CarNewsChina · CnEVPost · The Next Web · Carscoops · Financial Times · Reuters · The Race