China Zhejiang Geely Holding Group plans to set up a commercial space company in Guangzhou to develop satellite and communication technology.
According to Reuters, Geely will also cooperate with other rocket companies in Guangzhou.Geely Automobile owns Volvo Motors and holds 9.7%of Daimler's shares.
Geely is creating a low -orbit satellite to meet the high -speed connection requirements that can allow software to quickly update software.From around 2025, Geely's car will have more functions to connect with satellite.
