BIS Research - Emerging Technology Market Intelligence

Geely’s Newly Launched Satellite Manufacturing Hub to Enhance Communication for Autonomous and Connected Vehicles

Mar 24, 2020 3:44:55 AM / by BIS Research posted in autonomous vehicles, Geely

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Geely Global, in the beginning of March 2020 announced to develop an intelligent satellite production facility along with its testing center Taizhou, China. The Zhejiang Geely Holding Group is planning to invest approximately $326 million to develop the facility for producing low-orbit satellites. The company is expected to produce 500 satellites per year until 2025.

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