Geely chairman says global auto industry facing 'serious overcapacity'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 07 2025
0mins
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.
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.
