Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › China’s Geely Auto to slash excess capacity amid...
World News

China’s Geely Auto to slash excess capacity amid overhaul to boost carmaker’s global edge

China’s Geely Auto to slash excess capacity amid overhaul to boost carmaker’s global edge
South China Morning Post Sunday 14 June 2026, 00:00 UTC By Daniel Ren 1 min read
Key Points

Geely Auto, which is locked in a fierce battle for dominance against BYD in China’s crowded automotive market, has pledged to purge excess capacity through an asset restructuring while ramping up its go-global drive with an eye on greater international competitiveness. Chairman Li Shufu said during the Chongqing Auto Show on Friday that the Hong Kong-listed carmaker would assess the oversupply of capacity across all units to determine whether to close, suspend, merge or sell redundant...

Geely Auto, which is locked in a fierce battle for dominance against BYD in China’s crowded automotive market, has pledged to purge excess capacity through an asset restructuring while ramping up its go-global drive with an eye on greater international competitiveness. Chairman Li Shufu said during the Chongqing Auto Show on Friday that the Hong Kong-listed carmaker would assess the oversupply of capacity across all units to determine whether to close, suspend, merge or sell redundant production...
China (LOCATION) Geely Auto (ORG) BYD (ORG) Li Shufu (PERSON) the Chongqing Auto Show (EVENT) Hong Kong (LOCATION)
Originally published by South China Morning Post Read original →

Related Stories

Love story: When childhood sweethearts reunite as adults

perspective Love story: From childhood sweethearts to soulmates Sun 14 Jun 2026 at 12:30pm Cambell Priest and Tiana Storm met as nine-year-olds on the day his family moved from Auckland to the Gold Coast. They lost contact at 13 but never forgot each other. Whether it's romantic, platonic, heartbreaking or surprising, our Love Story series is about love in all its forms.

ABC Australia 19m ago

Nara Organics recalls baby formula sold at Target after multistate infant botulism outbreak

Nara Organics recalls baby formula sold at Target after multistate infant botulism outbreak Nara Organics has recalled its organic baby formula sold at Target stores and online due to a multistate outbreak of infant botulism SAN FRANCISCO -- Nara Organics recalled its organic baby formula sold nationwide in Target stores and online Saturday after a multistate outbreak of infant botulism, federal authorities said. Three babies between 2 and 5 months became ill in April and May in California,...

ABC News US 22m ago

Judge defends barring cameras from Karmelo Anthony murder trial, says it was 'an easy decision'

The judge who presided over the high-profile murder trial of Karmelo Anthony is standing by one of the case's most controversial decisions, saying keeping cameras out of the courtroom was necessary to ensure a fair trial. Judge John Roach of the 296th District Court said this week that it was the correct decision to bar cameras and livestreaming during Anthony's murder trial. A Collin County jury on Tuesday sentenced Anthony to 35 years in prison after finding him guilty of murder in the...

Fox News 26m ago

'You're getting discombobulated': 'Commander in Chief' Trump shares AI war image

US President Donald Trump on Saturday shared an AI-generated, military-themed image of himself on Truth Social, portraying a larger-than-life "Commander in Chief" amid escalating tensions in the Middle East and ongoing diplomacy with Iran. The striking visual shows Trump standing on the deck of a naval vessel, binoculars in hand, overlooking a dramatic maritime scene. Behind him, US warships cut through rough waters while fighter jets soar overhead in a symmetrical formation, leaving white...

Times of India 29m ago