China’s Geely Auto to slash excess capacity amid overhaul to boost carmaker’s global edge
Geely Auto, which is locked in a fierce battle for dominance against BYD in China’s crowded automotive market, has pledged to purge excess capacity through an asset restructuring while ramping up its go-global drive with an eye on greater international competitiveness.
Chairman Li Shufu said during the Chongqing Auto Show on Friday that the Hong Kong-listed carmaker would assess the oversupply of capacity across all units to determine whether to close, suspend, merge or sell redundant production
Source — scmp
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Published: Sun, 14 Jun 2026 00:00:10 +0000
Category — NIEUWS
Region: scmp | Section: NIEUWS
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