Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

‘Our pattern, our document’: this Indigenous Australian community is using design to assert its rights – The Art Newspaper

July 9, 2025

Adam Lindemann to Close Venus Over Manhattan After 14 Years

July 9, 2025

Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper

July 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Stocks
Stocks

China’s Geely launches 11 low-orbit satellites for autonomous cars By Reuters

News RoomBy News RoomFebruary 4, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

© Reuters. FILE PHOTO: Geely Auto logo is seen in this illustration taken January 16, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

SHANGHAI (Reuters) – Chinese automaker Geely Holding Group said on Saturday it has launched 11 low-earth orbit satellites, its second dispatch, as it expands its capacity to provide more accurate navigation for autonomous vehicles.

The satellites were launched from the Xichang Satellite Launch Center in the southwestern province of Sichuan, Geely said in a statement sent to Reuters.

Geely said it expects 72 to be in orbit by 2025 and eventually plans to have a constellation of 240.

The first launch was conducted in June 2022.

In addition to providing high-precision positioning support to self-driving cars, Geely said its network will also serve other commercial functions such as connectivity to the consumer electronics sector.

The satellites have AI remote sensing functions, providing 1-5 meter (3.2-16.4 ft) clear high-resolution remote sensing imaging, the company said.

China’s satellite networks are dominated by its military but the government began to allow private investment in the country’s space industry in 2014. Since then, commercial companies, some backed by local governments, have rushed into the sector, with the majority focusing on making satellites and the rest attempting to build small launch vehicles including reusable rockets.

In its latest five-year plan for 2021-2025, Beijing has called for an integrated network of satellites for communications, remote sensing and navigation. China has more than 400 satellites deployed in space, including commercially owned satellites, according to state media.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Ulta Beauty is starting to separate itself from the competition, analyst says

OPEC+ to boost oil production even more than expected in August

A new crypto frontier is emerging on Wall Street, beyond bitcoin and ether. But here are the risks.

The wrong kind of Fed rate cuts are coming, says JPMorgan. What that means for stocks, bonds and the dollar.

What drove stock market’s record-breaking week? Don’t overlook growing rate-cut expectations.

Nike’s stock is headed for a ‘swoosh’-shaped recovery after years of pain, analyst says

20 banks expected to increase their dividends the most following the Fed’s stress tests

Office-furniture maker Steelcase cut jobs in the first quarter. And more cuts could be coming.

Does Nike need to look to the ’90s to make a comeback? Wall Street braces for potentially ‘painful’ earnings, awaits stock to bottom out.

Recent Posts
  • ‘Our pattern, our document’: this Indigenous Australian community is using design to assert its rights – The Art Newspaper
  • Adam Lindemann to Close Venus Over Manhattan After 14 Years
  • Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper
  • Artist Wael Shawky to direct inaugural edition of Art Basel Qatar.
  • Anonymous image makers, New York nights and confronting the colonial: three photography shows to see at Les Rencontres d’Arles – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Adam Lindemann to Close Venus Over Manhattan After 14 Years

July 9, 2025

Your weekly dose of wonder: introducing The Specialist, a new podcast by Sotheby’s – The Art Newspaper

July 9, 2025

Artist Wael Shawky to direct inaugural edition of Art Basel Qatar.

July 9, 2025

Anonymous image makers, New York nights and confronting the colonial: three photography shows to see at Les Rencontres d’Arles – The Art Newspaper

July 9, 2025

UK gilts above Truss ousting levels as Reeves faces ‘more speculative’ market marred by decisions of former government

July 9, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.