Chinese EV maker NIO has signed a contract with the BeiDou Navigation Satellite System (BDS) and it is expected that NIO vehicles will have even more accurate positioning capabilities in the future.
On September 23, the China BeiDou Applications Conference and the 9th Annual China Satellite Navigation and Location Services Conference were held in the central Chinese city of Wuhan.
This is the highest level and most authoritative conference in the BeiDou field in China, and 10 projects, including NIO's new energy equipment manufacturing and battery service projects, were signed at the conference.
These projects involve BeiDou's applications in space information, optoelectronics, new energy, Internet and other fields.
China's BeiDou industry is entering a golden period of development, said Yu Xiancheng, head of the Global Navigation Satellite System and Location Based Service Association of China.
In 2019, with the development of BeiDou applications as the core, the total output value of the national satellite navigation and location-based service will reach RMB 345 billion, an increase of more than four times compared to 2012, when BeiDou officially provided services, he said.
As the BeiDou industry continues to develop, the output value derived from satellite navigation alone will reach RMB 228.4 billion yuan, he said.
The BeiDou project started in 1994, and the construction of BeiDou I was completed in 2000 and BeiDou II was completed in 2012.
The BeiDou III global satellite navigation system was fully completed and opened for service, marking China as the third country in the world to independently own a global satellite navigation system.
At present, the BeiDou system is used in more than 120 countries and regions around the world.