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Automaker Geely Launched Its Own Satellites Into Space, Highlighting China’s Ambitions

Earlier this month, the Chinese aerospace company Geespace said it sent 11 satellites into orbit. The satellites went up in Geespace’s fourth rocket launch since 2022, bringing its total “IoT constellation” from 30 to 41 satellites. By the end of this year, it has ambitions to deploy 72 satellites, which will provide global data coverage “excluding only the polar regions,” according to a press release. Like any other satellite firm, Geespace has relationships with several telecommunications com

China’s Geely is officially bringing its luxury EV startup Zeekr private

China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange. The news comes two months after Geely offered to take Zeekr private, following President Donald Trump’s threats earlier this year to delist Chinese stocks from U.S. exchanges. When the merger closes, Zeekr shareholders will receive either $2.69 in cash per share or 1.23 newly issued Geely shares for each Zeekr share they own, per a regulator