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The Nexus
BUSINESSJun 14 · 00:00 UTCSCMP CHINADaniel Ren

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

Geely Auto plans to reduce excess capacity through asset restructuring and expand globally to enhance competitiveness, as stated by Chairman Li Shufu at the Chongqing Auto Show. The company faces fierce competition from BYD in China's automotive market.

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Mentioned
Geely AutoorganizationLi ShufupersonChongqing Auto ShowplaceBYDorganization
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