Facing intense domestic competition, Chinese automaker Geely plans to eliminate excess production capacity to streamline operations and strengthen its international market position.

Geely Auto, which is locked in a fierce battle for dominance against BYD in China’s crowded automotive market, has pledged to purge excess capacity through an asset restructuring while ramping up its go-global drive with an eye on greater international competitiveness. Chairman Li Shufu said during the Chongqing Auto Show on Friday that the Hong Kong-listed carmaker would assess the oversupply of capacity across all units to determine whether to close, suspend, merge or sell redundant production...