Geely wants to fast track self-driving cars that it plans to build its own low-orbit satellites to provide more accurate data for their vehicles.
A report from Reuters says the Geely Holding Group will invest 2.27 billion yan (~ P 16.548 billion) in a new satellite manufacturing plant. The goal is to produce 500 low-orbit satellites by 2025. These satellites would offer high-speed internet connectivity, precise navigation, and cloud computing capabilities to cars with autonomous driving technology.
The Chinese automaker which happens to own brands such as Volvo, Lotus, Lynk & Co, Proton, and its own namesake brand finished 2019 as the best-selling Chinese car brand. They are also in a race with other global automakers such as Tesla and Toyota to mass-produce the first fully autonomous car.
Source: Reuters
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