Li Shufu denounced the chaos in the automotive industry, and Geely issued the "Taizhou Declaration" to enter a new stage of strategic transformation

Li Shufu, Chairman of Geely Holding Group, severely criticized the current chaos in the automotive industry at the "Shufu Open Class" at the Taizhou International Automobile Industry Expo. He mentioned that price wars have led to a decline in product quality and service experience, and companies will face difficulties if they continue like this. Therefore, Geely will not follow this trend. At the event, Geely issued the "Taizhou Declaration", marking the company's entry into a new stage of strategic transformation.