BEIJING — China’s Zhejiang Geely Keeping Group mentioned on Tuesday it was investing 2.27 billion yuan ($326 million) in a new satellite producing plant, the place it strategies to construct reduced-orbit satellites to provide a lot more precise knowledge for self-driving vehicles.
Geely, one particular of China’s most internationally-acknowledged corporations thanks to its investments in Daimler, Volvo and Proton, is constructing the facilities in Taizhou, the place it has auto plants. It aims to create five hundred satellites a calendar year by about 2025, with about 300 remarkably-competent personnel, it mentioned in a statement.
Geely’s engineering improvement arm, Geely Technological know-how Group, introduced Geespace to investigate, start, and run reduced-orbit satellites in 2018.
Geespace will begin the start of its industrial reduced-orbit satellite network by the conclusion of this calendar year, Geely mentioned.
Geely mentioned reduced-orbit satellites would provide high speed net connectivity, exact navigation, and cloud computing abilities to vehicles with autonomous driving engineering.
Geely, which offered 2.eighteen million vehicles previous calendar year, is among the worldwide automakers from Tesla to Toyota to pursue autonomous driving technologies.
It is constructing reduced-orbit satellites to meet desire for high-speed connectivity abilities that can supply rapidly program updates. From about 2025, Geely’s vehicles will have a lot more features to connect to the satellites.