Porsche Throws In the Towel in China, Winds Down Charging Network Amid Plummeting Sales

Porsche is squeezed out of the highly competitive Chinese market, with plummeting sales as Chinese rivals have started catching up in luxury and performance. The German carmaker prepares to shut down its charging infrastructure in China, in another step toward exiting the market. Western carmakers are not doing very well in China, where the market is dominated by local companies engaged in a cutthroat competition. The Chinese market has o... (continue reading...)

Porsche Throws In the Towel in China, Winds Down Charging Network Amid Plummeting Sales
Porsche is squeezed out of the highly competitive Chinese market, with plummeting sales as Chinese rivals have started catching up in luxury and performance. The German carmaker prepares to shut down its charging infrastructure in China, in another step toward exiting the market. Western carmakers are not doing very well in China, where the market is dominated by local companies engaged in a cutthroat competition. The Chinese market has o... (continue reading...)

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