01 Jul 2026, 01:51:17 PM

Geely Chairman Backs Dual Strategy of ICE and EV Development, Rejects Price War Tactics

Geely Holding Group Chairman Li Shufu has reaffirmed the Chinese automotive giant’s dual-track strategy of developing both traditional internal combustion engine (ICE) vehicles and smart electric models, signalling a firm stance against abandoning conventional powertrains in favour of full electrification. In a recent internal address to employees, Li made clear that Geely will continue to