Eberhard Weiblen, Chairman of Porsche Consulting, recently visited the company’s research center in Anhui Province, sparking rumors that Porsche may be planning a factory in Hefei, something insiders consider highly unlikely.?

Porsche responded that its subsidiary, Porsche Consulting, plans to work more closely with the Hefei facility on management, investment and marketing.

Volkswagen Group, Porsche’s parent company, plans to invest about 1 billion euros in Hefei to establish an R&D center.?

Hefei is home to many car manufacturers, including JAC Group, Nio and BYD.