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The rocket launched by China Rocket Co. Ltd. is the Jielong-1 (Smart Dragon-1), a four-stage solid-propellant vehicle.
China Rocket has a stated target price for the Smart Dragon-1 launcher of $30,000 per kilogram.
China Rocket was established in 2016 as a commercial arm of the China Academy of Launch Vehicle Technology (CALT) to develop low-cost launchers using social capital rather than state capital.
China Rocket aims to launch another Smart Dragon-1 from Jiuquan before the end of the year and to conduct a further four missions by the end of 2020.
China Rocket Co. Ltd. transported a new low-cost solid propellant launcher, Jielong-1 (Smart Dragon-1), to Jiuquan on 2019-07-24.