From Yahoo Finance: 2025-06-09 07:25:00

The global automotive industry faces severe overcapacity, prompting Geely to halt new plant construction. Amid fierce Chinese market competition, Geely plans to expand internationally. It aims to partner with Renault in Brazil and enter the Polish market with new energy vehicles. Geely’s Q1 2025 sales surged by 31%, with NEVs comprising nearly half of total sales.



Read more at Yahoo Finance: Geely chairman highlights overcapacity issues in automotive sector