At the annual general meeting to be held on June 7 local time, Porsche CEO Oliver Blume will be asked why he is sticking to his goal of accounting for more than half of electric vehicle sales next year. Competitors such as the Mercedes-Benz Group are slowing down the pace of electrification due to sluggish demand.

In his address to shareholders, Blume will refer to the "tough" situation in the Chinese market. Investors pointed to a decline in sales in China and problems with parts sourcing at a time when Porsche was trying to overhaul its product line, weighing on Porsche's share price. Over the past year, the company's share price has fallen by more than a third. In contrast, Ferrari's share price rose by about 40% over the same period.

Porsche plans to launch electric versions of the 718 Boxster and Cayman around 2025, followed by an electric Cayenne model. The company aims to sell more than 80% of its total sales by 2030 with all-electric models.

However, Deka's Speich was skeptical of EV demand and urged Blume to accept lower sales and avoid price cuts so as not to damage the brand. Daniel Schwarz, an analyst at Stifel Investment Bank, believes that the Taycan depreciates faster than the 911 sports car, which could deter buyers.