Li Shufu, chairman of Zhejiang Geely Holding Group, says the Chinese car company’s foray in the satellite industry forms part of efforts to become a global technology leader. Photo: AP
Li Shufu, chairman of Zhejiang Geely Holding Group, says the Chinese car company’s foray in the satellite industry forms part of efforts to become a global technology leader. Photo: AP
Geely

Geely chairman Li Shufu starts satellite venture to rival Elon Musk’s SpaceX

  • The move makes Geely, owner of Volvo Cars, the first private company in China to build satellites

Li Shufu, chairman of Zhejiang Geely Holding Group, says the Chinese car company’s foray in the satellite industry forms part of efforts to become a global technology leader. Photo: AP
Li Shufu, chairman of Zhejiang Geely Holding Group, says the Chinese car company’s foray in the satellite industry forms part of efforts to become a global technology leader. Photo: AP
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