Li Shufu: Automotive Sector Must Move Beyond Fragmented and Weak Structure Toward Scale and Strength

Deep News11-09

The "Entrepreneur Night 2026" platform, themed "Salute to the Driving Force of the New Era," has officially launched. Organized since 2015 by Sina Finance and other institutions, the event honors outstanding entrepreneurs by examining China's economic and industrial development through five dimensions: innovation, disruption, foresight, growth, and sustainability. Each year, ten exceptional entrepreneurs are invited to share their journeys and exchange ideas on innovation.

Geely Automobile Holdings Ltd. (HKEX: 00175) founder and chairman Li Shufu has spent nearly three decades leading the company onto the global stage. Geely has acquired Volvo, taken a controlling stake in Proton, and invested in Daimler and Aston Martin, achieving synergies between domestic and international technology and brands while building its own global automotive ecosystem.

In the first half of 2026, Geely Automobile Holdings Ltd. (HKEX: 00175) reported revenue exceeding 170 billion yuan for the first time, reaching 173.6 billion yuan, with core net profit attributable to shareholders surging 46%. Overseas sales surpassed 470,000 units, a year-on-year increase of 158%. Based on this better-than-expected performance, the company set a full-year sales target of 3.45 million vehicles and raised its overseas goal to 920,000 units.

In August of the same year, Li Shufu stepped down as chairman of Geely Automobile Holdings Ltd. (HKEX: 00175), becoming lifelong honorary chairman and handing the baton to a professional management team, setting a new example of institutionalized succession for Chinese private enterprises.

At the 2026 World Intelligent Connected Vehicles Conference, Li Shufu proposed that infrastructure construction need not start from scratch but could revitalize existing resources for stable development. He also called for reducing redundant investment in intelligent technology to achieve high-level sustainable development.

Li Shufu believes the industry must abandon its "small and weak, chaotic and poor" state and upgrade toward being "large and strong" to properly address various contradictions in industrial development.

Click to enter the endorsement platform. Sina statement: All meeting transcripts are compiled from on-site notes and have not been reviewed by the speakers. Sina publishes this article for the purpose of conveying more information and does not imply endorsement of the views expressed or confirmation of their descriptions.

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