Geely says it will stop building factories and start borrowing everyone else’s instead

Li Shufu, the billionaire chairman of Geely Holding Group and the man who bought Volvo Cars from Ford for $1.8 billion in 2010, has arrived at a conclusion that many of his peers in the global automotive industry have been slower to reach: the world has too many car factories, and building more of t

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Alina Maria Stan

📅 Apr 1, 2026·⏱ 1 min read·The Next Web ↗

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https://thenextweb.com/news/geely-volvo-factories-tariffs-overcapacity

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Geely says it will stop building factories and start borrowing everyone else’s instead

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Geely says it will stop building factories and start borrowing everyone else’s instead

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