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 (opens in new tab)

Geely Auto Chairman Li Shufu has confirmed the company will stop building new car plants in response to the cumulative global automotive overcapacity, the cumulative pivot to the asset-light overseas-assembly-and-partnership strategy is now the cumulative-Chinese-carmaker overseas-expansion template, the cumulative-2030 global-vehicle-sales target sits at 6.5 million units against the cumulative-2025 projection of 4.12 million units, and the cumulative-strategic-positioning is the cleanest si...