Deliveries of Porsche and Ferrari, fell drastically in the first quarter in China, a notable contrast from their performance in the same period last year, while EV sales increased 14.7 percent in comparison to the previous year.

Credits: envato elements; Author: SeanPavone;

Porsche's first quarter deliveries fell 24 percent from a year earlier, while Ferrari shipments to China dipped 25 percent and sales for BMW and Mercedes-Benz also decreased year over year.