GEELY AUTO(HK:00175) Huan Qiu Wang·2025-06-08 03:13Group 1 - The chairman of Geely Holding Group, Li Shufu, highlighted the serious overcapacity in the global automotive industry and announced that Geely will not build or expand production facilities, opting instead to utilize existing global overcapacity through pragmatic cooperation and resource restructuring to enhance utilization rates among peers [1] - Li Shufu compared the development of the Chinese automotive industry to a marathon, indicating that the primary competition occurs domestically with a low export ratio, and he criticized certain companies' competitive practices as "embarrassing" [1] Group 2 - Multiple government departments have recently issued regulatory policies to address "involution" in the automotive industry, with the Ministry of Commerce emphasizing the strategic importance of the automotive sector and pledging to enhance market research and policy guidance to eliminate barriers to automotive consumption [3] - The Ministry of Industry and Information Technology supported the initiative from the China Automotive Industry Association to intensify efforts against "involution" competition, advocating for structural optimization and consistency checks in products, while also addressing unfair competition [3] - The China Association of Automobile Manufacturers reported that a recent significant price cut by one automaker triggered a new wave of price wars, which could squeeze profit margins, affect product quality and after-sales service, and ultimately harm consumer rights and the sustainable development of the industry [3]