Chinese billionaire creates competitor Starlink Elon musk

the owner of the Chinese company Zhejiang Geely Holding Group, Li Shufu has been a billionaire wants to follow the path of Elon musk and create a private space company. To build the rocket Chinese billionaire is going: the company will create telecommunications satellites such as the Starlink.

holding company Zhejiang Geely Holding Group on Tuesday started construction of a production and testing center in Taizhou, Zhejiang province, the report said. The company Geely plans to begin launching commercial satellites by year-end.

Lee is betting that his companions will give Geely the benefit in the growing industry of self-driving cars and provide a more accurate navigation system, which can determine the location with precision of centimeters.

the holding includes Geely Volvo Cars and Geely Automobile. In December 2017, Geely has spent $3.9 billion to become the largest shareholder in the world second truck manufacturer Volvo AB. Geely has also gained control of the British sports car maker Lotus and Malaysian car maker Proton, and in 2013 it acquired Manganese Bronze Holdings, the manufacturer of London black cabs, who was in a state of bankruptcy. In 2018, Geely became the largest shareholder of Daimler AG.

Whether to expand their Empire beyond the automotive industry. So, Geely has invested in air taxi VoloCity to run it into commercial operation within the next three years, and in 2018, the company agreed with state Corporation China Aerospace Science and Industry Corp. on the construction of a supersonic train.

Today a number of companies seek to place in orbit larger satellites constellation to provide global Internet coverage. Among them OneWeb, Telesat, LeoSat and Amazon. As reported, the company OneWeb in February last year also put into orbit the first six satellites of its own system.

Facebook is also actively working on plans to launch satellites. Documents filed in the FCC, suggests that the Athena satellite could be launched in March 2020 Initiative, Facebook aims to help provide Internet access in those parts of the world where the bad connection. It’s part of the mission, which is to “to bring the world closer” — or, more specifically, to expand the total potential market for its services and fuel its future growth and revenues.

Despite a series of scandals around Facebook, the space ambitions of Zuckerberg remain unchanged. The upcoming launch of the satellite is experimental and will be only the first step in a broader project to create a network of satellites designed to provide people worldwide access the Internet. If successful, it can compete with similar projects from SpaceX or OneWeb.

the Company OneWeb intends to allocate for Russia more capacity than any other country in the world, said earlier the head of One Web in an interview to “Vedomosti”. CEO of OneWeb Glasses Adrian told the newspaper that developed the system “perfect for Russia”: the country “very large”, and power OneWeb “will be able to cover its entire territory”. “The country that will be allocated the most power — Russia”, — he promised.

But the launch of OneWeb in Russia is questionable, as commercial activities in our country, the company can start only after obtaining required permissions and licenses. To do this plan, involving the deployment of partners from Russia. If permission can not be obtained, OneWeb will not work in Russia.

But the Glasses ready to the last to convince Russian officials that Russia’s sovereignty and control over the Internet OneWeb not in danger. In an interview he stressed that developed a system of satellite access “allows the government to feel completely comfortable in such issues as the control over the Internet, data transmission and security”.