In this context, Geely founder Li Shufu established a new subsidiary company, Hubei Xingji Shidai Technology, headquartered in Wuhan.
The new organization will develop premium smart products for global consumers, including smartphones.
Geely representatives did not share any information about when and under which brand the company's first smartphones will be released.
On the other hand, the Chinese brand decided to develop satellite technologies and flying cars in addition to smartphones, according to the information received.
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