Lates News

Porsche China CEO Pan Li Chi said today that Porsche is a financially self-sufficient company, with every penny spent carefully. Within the company, cost reduction measures will continue to save funds for investment in the market and future research and development, such as the focus on the Porsche Shanghai R&D Center. Porsche is currently in a phase of recalibration and adjustment, aiming to regain the Chinese market through measures such as optimizing and streamlining the dealership network and introducing exclusive models, rather than focusing on sales volume as a measure of success. By 2025, the number of dealers has been reduced from 150 to 114, with a target of further reducing to 80 by 2026. In the late 2020s, Porsche plans to introduce two new models with internal combustion engines and plug-in hybrid technology, including B-class and D-class SUVs. Additionally, Porsche currently has no plans for localization in China. (Xinhua Finance)