On June 8, at the 2025 "China Automotive Chongqing Forum", Li Shufu, chairman of Geely Holding Group, who attended the meeting via video, said that there is serious overcapacity in the world's automobile industry today, and Geely has decided not to build new automobile production plants and not to engage in duplicate construction.
Li Shufu
He said that Geely should make full use of the world's excess production capacity and carry out pragmatic cooperation and resource reorganization to the greatest extent possible. In this way, it can not only make use of mature quality assurance systems and skilled technical workers, but also improve the utilization rate of its peers' excess production capacity, participate in global market competition with a friendly attitude, win more applause from global peers, and establish a good brand image for China's automobile industry to go global.
