CHONGQING(CQNEWS) Beidou Satellite Navigation Industrial Park, China's first 10-billion-yuan-level industrial park related to Beidou satellite industry, on March 29 was put into construction in Chongqing Liangjiang New Area. When completed, the project's phase 1 is expected to bring an annual output of 10 billion yuan, and the output will have exceeded 50 billion yuan by the end of 2020.
Chongqing Beidou Satellite Navigation Industrial Park is to draw application terminal components manufacture, core chips development and application software development. Meanwhile, the company will cooperate with other enterprises in the park to develop high and new technological industries such as satellite navigation, time service, and communication. The 5 billion yuan investment will be used for construction of a state-level R&D engineering center, an operation center and an inspection center. (Translated by Jiang Li, Fathom Language Limited)
