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EF accounts explained, what they are and how they...

Discover how EF accounts, including EFE and EFN accounts, facilitate seamless cross-border trade and investment within the Hainan Free Trade Port ...

Empowering SMEs: Hainan’s 150 Million Yuan Subsidy Policy Fuelling...

Hainan's 150 million yuan subsidy policy is empowering SMEs by fuelling their digital transformation initiatives, innovation, efficiency, and competitiveness ...

Why Now is the Ideal Time to Establish Headquarters...

The Hainan Free Trade Port offers a unique opportunity for businesses. Explore tax breaks, streamlined regulations, and support services for both Chinese and foreign companies seeking global expansion ...

Accounting Professional Qualification Exams Open to Foreign Nationals from...

Starting June 1st, foreign nationals legally working and residing in China can take the accounting professional qualification exams ...
HomeTech NewsHainan to Build...

Hainan to Build Groundbreaking Factory Producing up to 1,000 Satellites Annually

Hainan Province is gearing up to establish a satellite manufacturing facility in response to the increasing demand for commercial launches.

The facility, to be built in Wenchang City, is poised to streamline satellite production processes akin to automobile assembly lines, thus driving down costs and propelling China’s commercial space industry forward.

Liu Botao, chief engineer of fixed assets construction at Beijing Institute of Spacecraft Environment Engineering, anticipates an annual production output of 1,000 satellites once the facility becomes operational.

In a collaborative effort, experts from national aerospace institutes and commercial space companies convened in Hainan to deliberate on the facility’s design, ensuring it caters to the growing demand for commercial launches in the foreseeable future.

Traditionally, satellites have been constructed individually, leading to considerable expenses. However, with the establishment of this facility, private companies can expect more cost-effective options for satellite deployment into space.

The strategic location of the factory near launch pads in Wenchang City is poised to streamline logistics and reduce transportation costs significantly.

Zhang Chenghao, a director at the administration bureau of Wenchang International Aerospace City, highlighted the operational efficiency the factory will bring, stating, “In the past, the satellites were manufactured all over the country and then shipped to Hainan, with the help of the factory however, we will be able to launch the satellites once they are built”.

Related article: EV Price Wars Heat Up: Major Discounts and Competition Dominate 2024 Market

EV Price Wars Heat Up: Major Discounts and Competition Dominate 2024 Market

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Latest properties for rent

3 bedroom apartment for sale

No. 20, Yusha Road, Longhua District, Haikou City 海口市龙华区玉沙路20号国贸经典
3
Bedrooms
1
Bathrooms
104 m2
Living area
¥1.4 Mill

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Professional Teaching Fellow in Computer Science

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Cosy Stays Beyond the Ordinary

Relax, Unwind, and Explore Hainan's Hidden Gems

Haolaile Sushi

Haolaile Sushi is a newly opened Japanese restaurant that is getting a lot of attention recently with an average cost of about 100 yuan...

Qiong A Bar and Restaurant

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Chun Cui Café

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Why Now is the Ideal Time to Establish Headquarters in the Hainan Free Trade Port

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Back to the Grind: Next Holiday is Dragon Boat Festival June 8-10

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Weekly flights set to launch from Uzbekistan to Hainan in tourism push

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16 Measures to Enhance the Experience of Foreigners in Hainan Unveiled with Explanations

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Looking for an international pre-school in Haikou?

Flora's International Preschool has three preschools in the Haikou area. Our schools follow a European curriculum

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The Porch Friday Night Special

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The 2024 Hainan Island Carnival Moves to Summer, kicks off in Haikou on June 16th

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Happy Thursdays – Dragon Boat Festival

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