Overview

• Geely's subsidiary, Geespace, successfully launched 11 satellites into low-Earth orbit, aiming to support autonomous vehicles and consumer electronics.
• This marks the company's second launch, following an initial deployment of nine satellites in mid-2022, as part of its plan to create a 72-satellite network by 2025.
• The satellites are designed to provide high-precision navigation and AI remote sensing, enhancing safety and functionality for autonomous driving.
• Geely's move intensifies competition in the satellite communication sector, challenging SpaceX's dominance in low-Earth orbit.
• The initiative reflects China's broader ambition to expand its presence in space, leveraging private sector innovation alongside state-backed efforts.