Geely launches satellite production for autonomous carsApril 28, 2020
The Chinese automaker has invested more than $ 320 million in new production, which will produce low-orbit satellites for more accurate communications.
GeeSpace, a subsidiary of Geely Technology Group, part of the Geely holding, announced the construction of the first two low-British satellites for the OmniCloud AI platform. They will become part of the group, which will ensure the operation of a high-speed data network and positioning system for drones.
A new satellite assembly plant was built in Taizhou City, where the automaker already has its own machine production. By 2025, the Chinese company plans to produce up to 500 satellites per year. Currently, about 300 highly skilled experts are working on the project.
A network of low-orbit satellites will provide the opportunity to provide high-speed Internet access, accurate navigation and cloud services for cars with autopilot, the software of which can be updated by air.
Earlier it was reported that executives at Geely Automobile and its Volvo subsidiary were discussing the possibility of a merger into one company. Geely acquired Volvo from Ford in 2010, but the Swedes have since been operating as a separate automaker. Volvo notes that a business combination will make it possible to create a powerful international group, as well as increase the level of financial and technical mutual support.
In addition, the association will provide an opportunity to improve the position of the automaker in the global market in order to compete with larger players, such as, for example, Volkswagen or the new PSA and Fiat Chrysler Automobiles alliance.
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