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China Market situation and outlook

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Geely, Geespace & LEO

"Geespace’s satellite communication is now available in several of Geely group’s electric vehicles (EVs), including the Zeekr 001 FR and 007, and the Galaxy E8.

"The next race for the EV sector is self-driving and the Internet of Things service. Telecommunications infrastructure is also moving from 5G to 6G. One of its key features is the wide use of satellite communications and navigations network," Wang said. "We think the demand and the size for this market will reach an inflection point very soon."

The group's billionaire founder and Chairman — Li Shufu — owns almost 10% of Mercedes-Benz Group AG, and Geely owns stakes in other foreign automakers such as Volvo AB and Lotus Technology Inc Li also picked Geespace’s Chinese name, which means a path in time and space.

 
  • Informative
Reactions: Doggydogworld
Geely, Geespace & LEO

"Geespace’s satellite communication is now available in several of Geely group’s electric vehicles (EVs), including the Zeekr 001 FR and 007, and the Galaxy E8.

"The next race for the EV sector is self-driving and the Internet of Things service. Telecommunications infrastructure is also moving from 5G to 6G. One of its key features is the wide use of satellite communications and navigations network," Wang said. "We think the demand and the size for this market will reach an inflection point very soon."

The group's billionaire founder and Chairman — Li Shufu — owns almost 10% of Mercedes-Benz Group AG, and Geely owns stakes in other foreign automakers such as Volvo AB and Lotus Technology Inc Li also picked Geespace’s Chinese name, which means a path in time and space.

Geespace won’t be operational until next year.

 
  • Informative
Reactions: SwTslaGrl