Chinese Billionaire’s Carmaker Adds Satellites in Musk Territory

(Bloomberg) — A Chinese rocket launched a group of communications satellites produced by one of the country’s largest carmakers, boosting the nation’s efforts to catch up in low-Earth orbit — an area dominated by Elon Musk’s SpaceX.

Eleven satellites made by Geespace, a subsidiary of Zhejiang Geely Holding Group Co., lifted off aboard a Long March CZ-2C rocket from the Xichang Satellite Launch Center in Sichuan province on Saturday at 7.37 a.m. local time, state broadcaster CCTV reported.