Porsche unveils electric SUV

Porsche unveiled the electric Macan, its long-delayed first battery-powered sport utility vehicle, just as the EV market shows signs of cooling. Presented Thursday in Singapore, the model that starts at $91,593 will test appetite for luxury EVs as consumers grapple with higher borrowing costs and sub-par charging infrastructure. The German carmaker is under pressure to address its poor stock-market performance and slowing business in China, where Tesla, BYD, and BMW compete with a broader electric offering.