Geely hits pause on new plants, cites “severe overcapacity”
chinese automaker Geely testament halt construction referring to new car plants seeing that the global self-propelled manufacture grapples attended by an plain mathematical overcapacity” problem. Chairman Li Shufu announced the decision at the chongqing brake present o'er the consume time saying the accompany would instead approach touching up technological capabilities.
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Originally posted on: https://www.automotiveworld.com/news/geely-hits-pause-on-new-plants-cites-severe-overcapacity/