Geely is launching satellites in a bid to bring driverless cars to China

More than any other Chinese billionaire, Li Shufu has global ambitions. While many of his peers have focused on China’s huge domestic market, Li’s Zhejiang Geely Holding Group Co. has spent the past decade accumulating a portfolio of foreign car brands from Volvo Car to Group Lotus and London Taxi. The 59-year-old billionaire also owns almost 10% of Mercedes Benz Group AG, and Geely in May agreed to buy a 34% stake in Renault SA’s Korean unit.

https://www.bloomberg.com/news/articles/2022-07-05/geely-aims-to-bring-driverless-cars