{"id":130763,"date":"2025-06-09T05:30:45","date_gmt":"2025-06-09T05:30:45","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130763"},"modified":"2025-06-09T05:30:45","modified_gmt":"2025-06-09T05:30:45","slug":"chinas-geely-hits-the-brakes-on-new-plant-construction-globally-li-shufu","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130763","title":{"rendered":"China\u2019s Geely hits the brakes on new plant construction globally: Li Shufu"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostGeely Auto, the mainland\u2019s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely to ripple across the sector as most Chinese companies are finding it difficult to make profits.<br \/>\nChairman Li Shufu told the Chongqing Auto Show over the weekend that the company would avoid building excess capacity and instead focus on improving its technological capabilities to become a key player in the future of mobility.<br \/>\n\u201cThe global automotive industry is mired&#8230;<a href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3313610\/chinas-geely-stop-building-new-car-plants-amid-severe-global-overcapacity-li-shufu?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostGeely Auto, the mainland\u2019s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely to ripple across the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130763"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130763"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130763\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130763"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}