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China's Geely to set up new aerospace company


By Reuters Staff
1 Min Read
FILE PHOTO: A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/File Photo
BEIJING (Reuters) - China’s Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.
Geely, which owns Volvo Cars and 9.7% of Daimler AG, will also work with other rocket companies in Guangzhou, the government said.
The company was not immediately available for comment after usual business hours.
Geely is building low-orbit satellites to meet demand for high-speed connectivity capabilities that can deliver fast software updates. From around 2025, Geely’s cars will have more functions to connect to the satellites. ....

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Geely PH postpones price adjustment to April

Geely PH postpones price adjustment to April
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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In 10 years, some luxury cars will be all-electric, but there's a downside


Emissions targets and bans have carmakers racing to switch to zero-emission models, but jobs will be lost
By Nick Carey and Helena Soderpalm - 03 March 2021
Volvo’s car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.
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