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The Nexus
BUSINESSJun 14 · 00:00 UTCSCMP WORLDDaniel Ren

China’s Geely Auto to slash excess capacity amid overhaul to boost carmaker’s global edge

Geely Auto is restructuring assets to eliminate excess production capacity and enhance global competitiveness, as stated by Chairman Li Shufu at the Chongqing Auto Show. The company aims to assess and address oversupply across units through closures, suspensions, mergers, or sales.

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Geely AutoorganizationBYDorganizationLi ShufupersonChongqing Auto Showplaceasset restructuringtopic
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