Jun 12 2025

Geely chairman Li Shufu cautioned that the global auto industry is facing “serious overcapacity,” prompting the company to suspend construction of new plants and expansion plans. Instead, Geely will leverage its existing facilities and partnerships, such as its joint venture with Renault in Brazil, to mitigate risks and broaden global reach.
The strategic shift reflects mounting pressure from intense price competition in China and represents a move toward greater operational prudence amid industry uncertainty