BEIJING: China's Zhejiang Geely Holding Group said on March 3 it was investing 2.27 billion yuan (RM1.37bil) in a new satellite manufacturing plant, where it plans to build low-orbit satellites to provide more accurate data for self-driving cars.
Geely, one of China's most internationally-known companies due to its investments in Daimler, Volvo and Proton, is building the facilities in Taizhou, where it has car plants. It aims to produce 500 satellites a year by around 2025, with around 300 highly-skilled staff, it said in a statement.
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