Li Shufu
Coverage of Li Shufu in the Nexus archive.
- Motorsport new battleground for Chinese carmakers as Geely and BYD rev up global drive
Geely Auto, China’s second-largest carmaker, aims to host the Superbike World Championship (WSBK) in China through a partnership with ZXMOTO, seeking to enhance its global image as a tech-driven brand. Billionaire Li Shufu and Zhang Xue, owner of ZXMOTO, agreed to jointly promote China’s bid to host the WSBK.
- 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.
- 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.