Geely chairman says global auto industry facing 'serious overcapacity'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 07 2025
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Should l Buy ?
Source: Reuters
Geely's Production Strategy: Geely's chairman, Li Shufu, announced that the global automotive industry is experiencing significant overcapacity, leading the company to halt plans for new manufacturing plants and expansion of existing facilities.
Company Overview: Geely Holding, which owns various automotive brands including Geely Auto, Zeekr, and Volvo, made these statements during an auto forum in Chongqing, China.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
