Li Shufu, owner of Zhejiang Geely Holding Group, which acquired Volvo from Ford in 2010 for $1.8 billion, plans to take on Tesla. He sees cars as a service, in addition to wanting to improve autonomous driving. The company controls not only Volvo Cars, but also global automotive brands, and has a significant stake in Germany’s Daimler AG, maker of Mercedes-Benz. + BMW announces concept car with 100% recyclable interior + Ferrari and Lamborghini want to continue with gasoline cars after 2035 Cars as services As reported by Reuters, Geely is preparing Volvo for listing on the Nasdaq stock exchange in Stockholm as a route to the future of transport: where cars are part of an electrified network of mobility services, driving, connecting. to others and – like cell phones – generating a wealth of data and new business opportunities. It’s a vision more of Silicon Valley than Detroit, where traditional automakers around the world are chasing another giant – Tesla. Li Shufu sees automobiles not as vehicles but as “service providers”. In this business model, cars will be available by subscription and will offer services such as making payments. They will update their own software and generate leads just like the mobile operating systems developed by Apple and Google. autonomous cars As Li Shufu ventures into the age of autonomous automobiles, he also enters more sensitive terrain. The area is still sensitive because passenger safety is not yet guaranteed, and also because the technology crosses into areas with national security implications. To increase the slow, fuzzy connectivity and vehicle-positioning capability of today’s cars, Li Shufu wants to use low-orbit satellites: he said the technology should be able to position and navigate a car with a margin of error of a few millimeters. When developing satellite technology, Geely could also face a US ban on the export of space and satellite technology to China. The United States is tightening trade restrictions on Chinese technology companies. But Li Shufu believes global companies must forge ahead and pursue global integration. “We can do business together and maximize synergies within an industry,” he said. “That’s why I’m totally against cutting ties.” See too + Until 2019, there were more people in prisons than on the Brazilian stock exchange + Geisy complains about social media censorship: “Instagram is chasing me” [+ Aloe gel in the drink: see the benefits] [+ Nicole Bahls had already been warned about her ex-husband’s infidelity] [+ Trick to squeeze lemons becomes a craze on social media] [+ Chef playmate creates aphrodisiac recipe for Orgasm Day] [+ Mercedes-Benz Sprinter wins motorhome version] [+ Anorexia, an eating disorder that can lead to death] [+ US agency warns: never wash raw chicken meat] [+ Yasmin Brunet breaks the silence] [+ Shark is captured in MA with the remains of youngsters missing in the stomach] !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0?; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘2641197072803735’); fbq(‘track’, ‘PageView’);