The luxury carmaker is planning its only current assembly plant outside Europe with new production planned in Malaysia and an R&D centre in Shanghai.
Porsche is extending its influence in the Asian market by establishing a new research centre in Shanghai and a new production plant in Malaysia.
According to a company statement, the importance of the new R&D site in China’s most populated city is to help the carmaker further understand Chinese consumer trends and improve local development of products. This will be joining the existing R&D operations in Europe, North America and elsewhere.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.
Your free registration includes:
Gain access to our exclusive content and features register free today
Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
Korean vehicle makers invest in flexible production and add more EVs. Foreign OEMs continue to invest in production for export.
Tata Passenger Electric Mobility (TPEM) has launched its parent company - Tata’s, first ever own-brand vehicle to mark the inauguration and opening of TPEM’s new vehicle production facility in Sanand, Gujarat, with clear indication of growth in the region.
Maruti Suzuki, Subsidiary of Japanese parent OEM Suzuki and leading carmaker in India, is set to build its second automotive manufacturing plant in Gujarat, investing $4.2 billion to increase production capacity by 167%. The company also plans to roll out its first electric vehicle from the same plant by the end of 2024, and is gearing up to meet rising regional and inter-regional demand for both ICEs and EVs.
