Geely Chairman Li Shufu: No New Auto Plants, Focus on Global Surplus Capacity Utilization

Published: Jun 9, 2025 11:25

Save

Li Shufu, Chairman of Geely Holding Group: Geely Decides Not to Build New Automobile Production Plants

At the "China Auto Chongqing Forum" held in Chongqing, Li Shufu, Chairman of Geely Holding Group, participated via video link. He stated that the global automobile industry is currently facing severe overcapacity. Geely has decided not to build new automobile production plants and will avoid redundant construction. Instead, Geely aims to fully utilize the global surplus capacity and engage in pragmatic cooperation and resource restructuring to the greatest extent possible. By doing so, Geely can leverage mature quality assurance systems and skilled workers, while also improving the utilization rate of peers' surplus capacity, thereby participating in global market competition with a friendly attitude.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 30, 2026 18:14

CAICT Releases Report on Intelligent Computing Power Services, Forecasts 130B Yuan Market by 2025

In April, the Cloud Computing and Digitalization Research Institute of the China Academy of Information and Communications Technology (CAICT) officially released the *Research Report on Intelligent Computing Power Services*, based on continuous research and extensive surveys. The report, grounded in the trends of large-scale AI application and computing power servitization, systematically reviewed the development background, conceptual connotations, system architecture, key technologies, typical scenarios, market size, industry chain landscape, and future trends of intelligent computing power services. For the first time, it constructed a three-layer system architecture for intelligent computing power services, proposed three core service forms—intelligent computing power resource services, intelligent computing power interconnection services, and intelligent computing power application services—and estimated that China's intelligent computing power services market size exceeded 130 billion yuan in 2025.

Apr 30, 2026 18:14

Apr 30, 2026 18:12

Chongqing Unveils Action Plan to Boost AI, Digital Growth in Chengdu-Chongqing Circle by 2030

The Chongqing Municipal People's Government issued a notice on the "Chongqing Action Plan for Promoting the Development and Capacity Enhancement of the Chengdu-Chongqing Twin-City Economic Circle (2026–2030)." The notice stated that efforts should be made to promote the mutual empowerment of artificial intelligence and "Digital Chengdu-Chongqing," explore the coordinated linkage of key elements such as computing power, data, application scenarios, and policy ecosystems between Sichuan and Chongqing, and support AI technology R&D, application, and industrialisation in the Chengdu-Chongqing region. By 2030, the intelligent computing power of the Chengdu-Chongqing computing hub period will reach 100,000 PFLOPS, the city will have built more than 10 AI industry application pilot testing bases, and will have cultivated 20 vertical large models and 5 major projects with national influence, with daily average token invocations leading in western China.

Apr 30, 2026 18:12

Apr 30, 2026 15:54

Data: SHFE, DCE market movement (Apr 30)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 30 Apr , 2026

Apr 30, 2026 15:54