Porsche’s 100th sales outlet in China, located in Tianhuan Square, Guangzhou, has closed down. Related media reports confirmed this closure through customer service personnel at Tianhuan Square and advised consumers to visit the Tianhe Porsche Center to view vehicles. The closure of the Porsche Tianhuan Square store may be related to the decline in Porsche’s sales in the Chinese market. According to Porsche’s latest financial report, in the fiscal year 2023, Porsche’s global new car deliveries increased by 3.3% YoY to approximately 320,000 vehicles, but the annual delivery volume in the Chinese market decreased 15% YoY to 79,300 vehicles, making it the only market in which Porsche’s global sales declined.