The company plans to upgrade its over 300 offline direct stores for new cars and establish over 1,000 such stores in 1,000 county-level regions of China this year.
The company said the move was part of a planned transition. In April, PayScale raised an undisclosed amount of money in a funding round that valued the company at 5 million.
The company is currently revising its retail plans in China as the market is rapidly changing but it will retain a mix of formats including hyper stores, pickup points, experience centers, distribution centers and e-commerce platforms, said Kuliga.
The company is also building its APAC research and development center in Yanzhou to deploy the latest innovations and technologies.
The company is expanding a global automotive R&D network supported by its technology center, top global suppliers and research institutions.
The company now provides geothermal heating for an area of around 50 square km, and it aims to increase the area by 100 square km by 2023, according to Chen Menghui, deputy general manager of the company.
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The company will continue to import models into China because "it does not make any sense" to produce them locally considering its absolute volume and local customers' passion for the brand's German DNA, said Oliver Blume, chairman of Porsche's executive board, on Tuesday.
The company said it would replace the defective door locks free of charge.
The completion of the field test of the alert system on the Datong-Xi'an high-speed railway in August marks the quake alert system's shift from the research and development stage to actual use, the administration said.
The company, Far East Holding Group, said in a notice issued by the president's office that parents giving birth to more than one child will be given extra maternity leave. Each parent will be given 20 days of leave for each child - that means 20 extra days for mothers who already receive four months of maternity leave, and 20 days for fathers - and will have more promotions and better positions in the company.