Geely is investing $325 million to build a satellite plant in China. The low-orbit satellites would be used to provide cars with high-speed internet, precise navigation tech, and ultimately provide autonomous functionality.
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Geely is Building Satellites for Autonomous Cars
Volvo’s parent company Geely is investing more than $325 million in satellite manufacturing to provide more accurate data for self-driving cars. The investment will allow Geely to build a plant in China, reports Automotive News Europe . The company plans to produce 500 satellites per year by...
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