FILE PHOTO: A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017.
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.
