Geely will purge excess factory capacity and focus on becoming a global competitor to BYD

Geely Auto chairman Li Shufu told the Chongqing Auto Show on Friday that the company will assess excess capacity across all its units and determine whether to close, suspend, merge, or sell redundant production facilities. The announcement signals a strategic pivot for China’s second-largest carmaker, which has been locked in a fierce domestic battle with […] This story continues at The Next Web