China is Porsche's biggest market.
Porsche will not build a factory in China anytime soon because the company will maintain its "Made in Germany" image, according to company CEO Oliver Blume speaking with the Financial Times. The decision comes despite China now being the automaker's largest market in the world
"It is a quality and a premium argument still to produce from Europe for China," Blume told the Financial Times. "Today it doesn’t make any sense [to move production]."
Porsche delivered 272,162 vehicles in 2020. Of those, 88,968 units went to China. For comparison, the company moved 80,892 products in Europe and 57,294 in the United States in the same period.
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