Porsche has unveiled the Cayenne Coupe Electric, a 1,139 hp electric SUV that can reach 0-60 in 2.4 seconds with up to 669 km WLTP range and 16-minute fast charging, starting at $113,800. The car was launched during Porsche's worst financial year in its history, with a 93% operating profit decline, a first-ever quarterly loss, and a retreat from the 80% EV-by-2030 target. The vehicle, unveiled at Auto China in Beijing, is designed to be the most powerful production SUV Porsche has ever built and one of the most capable electric vehicles in any segment. Porsche also replaced its CEO, Michael Leiters, with an executive who was replaced by former McLaren Automotive chief executive. The company's 2025 financial results were described as "catastrophic" by its historical standards, with revenue dropping to 36.3 billion euros from 5.6 billion, operating profit dropping to 413 million euros from €5.1 billion, and operating profit declining to €1 billion euros. The Cayenne coupe Electric is built on the Premium Platform Electric, the same platform underpinning the Macan Electric and the Audi Q6 e-tron. All variants use dual electric motors with all-wheel drive and features adaptive two-chamber air suspension, an adaptive rear spoiler, and Porsche’s Sport Chrono Package as standard.