Finance
Porsche to wind down charging network in tough China market, agency reports
Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Porsche plans to close its China charging network in 2024, shifting focus to third-party operators amid declining sales and a crowded market.
BERLIN, Dec 22 (Reuters) - Porsche plans to shut down its charging infrastructure in China next year, a Chinese news agency reported on Monday, in another sign of struggle for Volkswagen's luxury subsidiary in the tough Chinese market.
Porsche China will gradually shut down its own charging network of around 200 stations from March 1, Yicai reported, citing the company.
Porsche China will instead focus on deeper cooperation with leading third-party charging operators, according to the report.
A spokesperson for the company did not immediately respond to a request for comment.
Porsche is losing ground in China amid a crowded market with local brands, with the carmaker's sales there having dropped by just over a quarter in the first nine months of the year.
After reporting a loss-making third quarter, Porsche executives told investors they were working to reduce the company's dealer network in China, from 150 to 80.
(Reporting by Rachel More, editing by Thomas Seythal)
A charging network is a system of stations that provide electric vehicle charging services. These networks allow electric vehicle owners to recharge their vehicles at various locations, enhancing the convenience of electric vehicle use.
A luxury car brand is a manufacturer that produces high-end vehicles characterized by superior quality, performance, and features. These brands often focus on providing a premium experience and status to their customers.
A spokesperson is an individual who speaks on behalf of an organization or company, communicating its messages and responding to inquiries from the media and the public.
A sales drop is a decrease in the number of products or services sold over a specific period. This can indicate challenges in the market, such as increased competition or changing consumer preferences.
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