Porsche to shut down charging network in China
Luxury automaker shifts strategy to partnerships as sales decline in competitive EV market.
Porsche plans to wind down its proprietary charging network in China starting March 1, according to local media reports cited by Reuters. The network, which includes around 200 stations, will be gradually closed as the company pivots toward deeper collaboration with leading third-party charging providers.
The move comes as Porsche faces mounting pressure in China’s crowded electric vehicle market, dominated by strong domestic brands. Sales for the German luxury carmaker fell by more than 25% in the first nine months of the year, highlighting the challenges in maintaining market share.
Following a loss-making third quarter, Porsche executives told investors they would also reduce the company’s dealer network in China from 150 locations to 80, as part of a broader restructuring plan aimed at improving efficiency and profitability.
