US Edition
Geely Chairman Says Global Auto Industry Faces 'Serious Overcapacity'
- Geely re-entered Indonesia's electric vehicle market in January 2025 and showcased the EX5 model at the Indonesia International Motor Show in Jakarta on February 13.
- The company signed a strategic partnership with Indonesian EV charging provider Voltron on June 6 to install charging stations at all Geely dealers to improve charging convenience.
- Geely has six official dealers with after-sales centers in Indonesia, supporting customer needs and aligning with the national EV acceleration program and 2060 net-zero emission target.
- Yusuf Anshori, brand director, highlighted that the partnership provides customers with more convenient charging options, while Voltron CEO Abdul Rahman Elly expressed that the collaboration aims to increase electric vehicle adoption to promote environmental sustainability.
- Meanwhile, Geely Auto chairman Li Shufu announced a halt on new plant construction in response to global overcapacity and price wars, signaling a focus on technological advances instead.
Insights by Ground AI
Does this summary seem wrong?
27 Articles
27 Articles
All
Left
4
Center
4
Right
Shanghai. President and founder of Chinese automotive Geely, Li Shufu, said that the industry of the world industry faces a “severe overcapacity” and that the company has decided not to build new plants or expand production in existing facilities.
·Mexico
Read Full Article
Geely chairman says global auto industry faces ‘serious overcapacity’
SHANGHAI (Reuters) -Geely’s chairman and founder Li Shufu said on Saturday that the global automotive industry was facing “serious overcapacity” and that the Chinese automaker had decided not to build new manufacturing plants or expand production in existing facilities. Li made the comments at an auto forum in the central city of Chongqing, according to the company. Geely Holding owns multiple automotive brands including Geely Auto, Zeekr and Vo…
Coverage Details
Total News Sources27
Leaning Left4Leaning Right0Center4Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
