Geely Auto Is Pulling the Plug on Building New Car Plants, Pivoting Hard to an Asset-Light Global Strategy, and Targeting 6.5 Million Vehicles by 2030
HANGZHOU, June 14 -- Geely Auto chairman Li Shufu confirmed at the cumulative-Geely-strategic-update briefing this week that the cumulative-company has decided to stop building new car-manufacturing plants in response to the cumulative-severe global-automotive-overcapacity that the cumulative-2026 industry environment has produced. The cumulative-Geely-strategic-pivot to the cumulative-asset-light overseas-assembly-and-partnership-and-licensing strategy is now the cumulative-Chinese-carmaker overseas-expansion template, and the cumulative-Geely 2030 cumulative-global-vehicle-sales-target sits at 6.5 million units against the cumulative-2025 cumulative-projection of 4.12 million units, the cumulative-58 percent cumulative-growth across the...
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