欧洲豪华车，集体暂缓电动化目标

Group 1 - Ferrari has adjusted its electrification goals, aiming for 20% of its lineup to be fully electric by 2030, down from a previous target of 40% [2] - The company plans to increase the proportion of pure combustion vehicles in its 2030 lineup to 40%, while maintaining hybrid models at 40% [2] - Following this announcement, Ferrari's stock fell 14.99% to $407.38, marking its largest single-day drop since going public [2] Group 2 - Porsche has also announced a significant shift in its electric vehicle strategy, delaying the launch of several new electric models and extending the production life of internal combustion and hybrid vehicles for the next decade [2][3] - Volvo has retracted its commitment to full electrification by 2030, now setting a flexible target of 90%-100% of sales to be electric or plug-in hybrid [3] - Audi has reversed its previous plan to stop developing and selling internal combustion engine vehicles by 2033, with no clear timeline for ending production [3] Group 3 - Mercedes-Benz has adjusted its electrification plans, extending the production cycle for internal combustion engine models due to lower-than-expected market acceptance of electric vehicles [3] - The automotive industry is facing increased costs associated with electrification, with Porsche's R&D spending on electric models rising from 15% of total expenses in 2021 to 37% in 2024, while overall profit margins have decreased from 18.3% to 14.5% [4] - Factors such as rising import tariffs in the U.S., a cooling luxury car market in China, and a slowdown in electric vehicle adoption are prompting companies to adopt more cautious strategies [4]