GEELY AUTO(HK:00175) Hua Xia Shi Bao·2025-09-26 02:56Core Viewpoint - Geely Holding Group's recent actions, including the successful launch of 12 satellites and strategic financing, indicate a significant advancement in its satellite communication project, positioning it as a key player in the commercial satellite industry in China [2][4][7]. Group 1: Satellite Launch and Network Development - Geely's subsidiary, Space-Time Daoyu, successfully launched 12 satellites into the "Geely Constellation," completing the first phase of its network [2]. - The company plans to deploy an additional 8 backup satellites, bringing the total to 72 operational satellites, enhancing communication capacity and reliability [4]. - The satellite launches have been characterized by a rapid and regular deployment schedule, indicating a strong operational capability [4]. Group 2: Strategic Partnerships and Financing - Space-Time Daoyu secured a strategic investment of 2 billion yuan from the Zhejiang New Energy Vehicle Industry Fund to support its global headquarters and business development [2]. - The company has established partnerships with various state-owned and private enterprises, enhancing its market position and resource access [5][8]. - The strategic financing reflects confidence from national entities in the potential of the commercial satellite industry [8]. Group 3: Market Potential and Growth - The global satellite IoT device market is projected to grow significantly, with an estimated 7.5 million connections by 2024 and a market size exceeding $4.7 billion by 2030 [7]. - The low Earth orbit satellite market is also experiencing rapid growth, with a current market size surpassing $5.5 billion and expected to reach $17.1 billion by 2030 [7]. - Space-Time Daoyu's satellite constellation aims to support real-time data communication globally, facilitating applications across various industries [7][9]. Group 4: International Expansion - Space-Time Daoyu is focusing on international markets, having signed agreements with operators in over 20 countries, with successful deployment tests in Oman [6]. - The company aims to enhance its global footprint, particularly in regions like the Middle East, Africa, Southeast Asia, Central Asia, and Latin America [6]. Group 5: Future Outlook - The completion of the first phase of the satellite network is seen as a clear signal to investors regarding the company's future commercial expansion opportunities [8]. - The ongoing support from Geely Group and strategic investors positions Space-Time Daoyu favorably for future growth and innovation in the satellite communication sector [8][9].