Geely trails only BYD among Chinese automakers by sales. Its portfolio of brands includes Volvo, Polestar, Geely, Lynk & CO, Zeekr and Lotus.
Supplier Nexteer is being sued by a tier-two supplier after scrapping a program for Ford's next-generation electric pickup truck.
Geely will lean on its own Geely brand, Lynk & CO and Zeekr as it expands in Europe, lifting group sales ambitions to 5 million in 2027.
VW's restructuring must accelerate as the automaker faces a €11 billion funding gap, China price war, and delayed investments while pushing Scout and China EV initiatives, experts say.