• Geely begins construction of an intelligent satellite production and testing centre to facilitate a future satellite network for use with highly accurate autonomous driving solutions.
• The new satellite production plant marks the first entry of private enterprise into satellite production in China.
• Move into satellites part of Geely’s transformation into a global mobility technology group.
• Strategy to be executed by Geespace unit focused on development, launch, and operation of low-orbit satellites.

TAIZHOU, China, March 3, 2020 (Geely Holding Group) — Geely Holding Group today announced that it has begun construction of an intelligent satellite production and testing centre in Taizhou City.