MUNICH (Reuters) - Luxury sports car maker Porsche AG is attracting huge demand for its Taycan model, causing wait times for the all-electric coupe to stretch to six months, CEO Oliver Blume said on Monday.
"Our original production capacity for the Taycan was 20,000 units this year - we've sold that many in the first half of the year," Blume told a panel discussion at the IAA (NYSE:IAA) Mobility show in Munich.
"Incoming orders are huge - they are good in China too," said Blume, adding that the Volkswagen (DE:VOWG_p) group unit was, like other carmakers, battling chip shortages and had more incoming orders than it could meet.
Normal waiting times for a new vehicle were four months but they have now stretched to half a year, he said.