China’s Geely Auto to slash excess capacity amid overhaul to boost carmaker’s global edge (opens original article in a new tab)

Geely Auto is restructuring to cut excess capacity and boost global competitiveness, following a brief period as China's top carmaker in early 2023.

• Geely Auto plans to reduce excess production capacity through asset restructuring
• Geely aims to enhance global competitiveness by focusing on key brands and resources
• Geely surpassed BYD as China's top carmaker in Q1 2023 but lost the position in April and May