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CASIC’s subsidiary ExPace was founded in 2016 to market the Kuaizhou series of launch vehicles based on military technology.
Expace previously advertised a 3m version of the KZ-11.
Expace previously advertised a larger 3-meter version of the KZ-11 Y8.
EXPACE's Kuaizhou-11 Y8 launched the DEAR-5 cargo ship for AZSPACE at 01:08 UTC on December 13.
ExPace's Kuaizhou-11 launch vehicle launched at 09:08 am China Standard Time on December 13th from Launch Site 95 at the Jiuquan Satellite Launch Center.
Kuaizhou-11 is a larger commercial launch vehicle developed by the China Aerospace Science and Industry Corporation and manufactured by ExPace.
ExPace’s Kuaizhou-1A lifted off from the Jiuquan Satellite Launch Center at 17:00 pm China Standard Time on December 5th.
Kuaizhou-1A is one of the first commercial launch vehicles from China, developed by the China Aerospace Science and Industry Corporation and now manufactured by ExPace.
The launch of Kuaizhou-1A marked another successful flight of the upgraded 'Pro' variant for ExPace, which has delivered payloads for the Chinese Academy of Sciences and Pakistan.
Expace is a commercial spinoff from the China Aerospace Science and Industry Corporation (CASIC).
Before the acquisition, the China Aerospace Science and Industry Corporation controlled 56.4347 percent of ExPace.
Sichuan's acquisition of a majority share in ExPace is related to the research and development of launch vehicles.
Sichuan Provincial Science and Technology Innovation Investment Co Ltd is the main buyer of ExPace's shares.
Sichuan province has acquired a 30.66 percent stake in ExPace.
Expace's subsidiary Sanjiang Group sold a 30.66% stake for an undisclosed amount.
Expace reported losses of ¥180 million in 2024.
CASIC's Academy of Launch Technology is partially divesting from ExPace, the Kuaizhou Launch provider.
Expace is a Wuhan-based company that primarily has a launch and integration facility in Xichang.
CASIC's Academy of Launch Technology is selling 31% of its 56% share in ExPace.