On June 13, Li Shufu, the Chairman of Geely Holding Group, announced at the 2026 China Automotive Chongqing Forum that Geely is set to embark on a systematic approach to either shut down, suspend operations, or divest redundant entities associated with Geely Automobile Group Co., Ltd. This strategic maneuver aims to consolidate superior resources to bolster Geely Automobile Holdings Limited, ultimately paving the way for the establishment of a modern corporate operating system. This system will feature a more transparent governance structure, well-defined rights and responsibilities, streamlined operations, and adherence to global compliance standards.
