Geely will purge excess factory capacity and focus on becoming a global competitor to BYD

The Next Web
By Darius PopaJun 14, 2026, 2:52 pm129 pts
Geely Auto chairman Li Shufu told the Chongqing Auto Show on Friday that the company will assess excess capacity across all its units and determine whether to close, suspend, merge, or sell redundant production facilities. The announcement signals a strategic pivot for China’s second-largest carmaker, which…

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