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

The Next Web
Alina Maria Stan @ The Next Web · 04/01/2026 13:55 EDT

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 them […]
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