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00:00Talk to me about the performance of Porsche in China versus the rest of the international market during this pandemic. How much of a divergence have you seen. Well there is pretty much divergence because obviously China went first into the lockdown and the pandemic situation starting at the end of January into February. But was the first country to get out of this lockdown situation pandemic situation. While Europe went into the lockdown China was opened up again. And this pretty much explains also how our sales situation was going through a very steep V shape form. We had a heavy impact in February but starting from March into June we had a very good recovery. And actually if we look to our order intake right now it is better than ever before. Better than ever before. What a sales looking like then for the full year 2020. Well we are cautiously I would say optimistic that we at least reach the level of 2019. And there is even the potential to have another record year in 2020 full force again. China obviously control of the virus is part of the reason for that improvement. What are the other factors driving demand for high end luxury vehicles like Porsche in China. The general tendency we can see that Chinese customers are into right now buying individual mobility. So instead of going out with public transport they are looking into cause. And that's why the car market I think in general is doing pretty good in China. We also see that especially our customers who have been travelling a lot who have been spending lots of money in travelling in hotels and restaurants outside of the country. They are in China and they have their funds now to invest in to consumption. And if you put these two things together that private mobility private private transport becomes something and you have the funds to upgrade your consumption then potentially your choice folds on to push it. Are you able to say at this point whether or not you think that the kind of momentum you're seeing now will sustain itself through 2021. Well at the moment we're doing a higher order intake than we are able to deliver cause obviously we're suffering a little bit from the lockdown of the German production which happened between mid of March and beginning of May and with the transport time. Obviously we're missing a little bit of supply at this moment in time. So we're not we're not able to on the spot deliver all the cars that our customers want to buy. But it's good we're increasing our order bank. And looking at this auto bank I would see and being very cautiously because you don't know actually how things are happening in the next couple of months. We're about to go into winter and so on. But with the auto bank that we're having I'm very confident that at least for the first quarter of next year maybe also first half of next year we will see a continuously good business here in China. It is also the biggest electric vehicle market in the world. What are the key challenges for a brand like Porsche around electrification to take out. We just introduced at the beginning of the year the most exclusive license of the take . I'm being the take home total and take until boys with retail prices and run two million arm. So it's a dedicated to a very clear shaped customer base that can afford such kind of cut. We did this in order to show that also driving a purely electrical portion is driving a Porsche. It's the most sporty offer you can have an electrical car. And we've just introduced in August the take for us as the next lower version. And by the end of the year we're going to have to take home base model which then offers a Porsche electric mobility to a broader range of customers. And we do this in these steps in order to make clear to our customers and our public actually that driving a purely electrical Porsche is no compromise on driving a Porsche. Are you planning to deepen your cooperation with the Chinese electric vehicle battery maker CTO at the moment. We are getting our batteries from LG and there are manufacturers partially in Europe or mainly in Europe from a fixed line group rent. I know that they have a strong cooperation with CTO and as we move forward in electrification with other model lines there is a potential to keep them. Also the corporations to see a tail and maybe other Chinese battery manufacturers .

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Porsche China CEO Says Order Intake 'Better Than Ever'

Porsche’s order intake in China is “better than ever before,” China CEO Jens Puttfarcken told Bloomberg exclusively on the sidelines of the Beijing Auto Show on Saturday. He says the luxury carmaker is benefiting from a consumer shift toward personal mobility devices in the wake of the coronavirus, as well as a willingness to spend more at home. (Source: Bloomberg)

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