GEELY AUTO(HK:00175) Huan Qiu Wang·2025-06-08 03:13Group 1 - The automotive industry is facing serious overcapacity, prompting Geely to halt the construction of new production facilities and focus on utilizing existing global overcapacity through pragmatic cooperation and resource restructuring [1][3] - Geely aims to leverage mature quality assurance systems and skilled labor while improving the utilization rate of overcapacity among peers, participating in global market competition with a friendly approach [3] - The company emphasizes the importance of steady growth, adhering to its corporate culture, and avoiding shortcuts in its development strategy [3] Group 2 - In May, Geely achieved overseas export sales of 30,017 units, representing a month-on-month increase of 24%, with cumulative overseas sales exceeding 140,000 units from January to May [4] - Geely's global expansion has made significant progress, with the successful trial production of the international EX5 model at its factory in Indonesia, which is set to begin mass production in Q3 2025 with an annual capacity of 20,000 units [4]