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Chongqing Auto Show

Coverage of Chongqing Auto Show in the Nexus archive.

Earliest in view: Jun 14 · 00:00 UTCMost recent: Jun 14 · 00:00 UTC

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BUSINESSJun 14 · 00:00 UTCSCMP WORLD
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.
BUSINESSJun 14 · 00:00 UTCSCMP CHINA
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.