According to Wuxi, Yihang Intelligence has recently signed an agreement with Wuxi Transportation Bureau, Liangxi District, and Liangxi Science and Technology City to jointly build Yihang Intelligence EVTOL low altitude economic industrial base and operation headquarters project.
Yihang Intelligence will cooperate with Liangxi District and Liangxi Science and Technology City to build a demonstration scenario for EVTOL low altitude applications and industrial development. It will lay out the first unmanned aerial vehicle manned low altitude route in Jiangsu Province, open a short distance sightseeing tourism route around the ancient canal tourism resort, and build the first batch of low altitude economic demonstration scenarios and integrated development IP for cultural, commercial, sports, and tourism, gradually forming an application promotion.
Zhou Minhua, president of Wuxi Liangxi Science and Technology City Development Group, said that he would expand the planning of low altitude application scenarios, accelerate the construction of supporting infrastructure such as takeoff and landing areas and digital airspace, and explore the commercial operation of urban air taxi scenarios.
Yihang Intelligence is the leader of eVTOL. Prior to this, Yihang Intelligence had reached a strategic cooperation agreement with Guangzhou Airport Commission, Guangzhou Development Zone Management Committee, and Guangzhou Automobile Group in early February. Guangzhou Airport Commission and Guangzhou Development Zone Management Committee will carry out low altitude airspace and route planning, and build low altitude flight service stations; Last year, cooperation was also reached with the governments of Hefei City and Bao'an District in Shenzhen.
In December last year, Yihang Intelligent EH216-S unmanned manned aircraft obtained a standard airworthiness certificate issued by the Civil Aviation Administration of China, becoming the world's first unmanned manned electric vertical takeoff and landing (eVTOL) aircraft to obtain airworthiness certificates. The official guide price for EH216-S in China is 2.39 million yuan, and the official guide price overseas is 410000 US dollars.
Last night, Yihang Intelligent US stocks rose by over 13%, with a cumulative increase of nearly 27% this week.
Dense resonance at home and abroad
Looking at the entire low altitude economic sector, there has been a significant increase in industry trends recently.
After this year's government work report proposed actively building new growth engines such as low altitude economy, the "Several Measures to Support High quality Development of Low altitude Economy in Zhuhai City (Draft for Comments)" was released on March 8th, supporting the establishment of low altitude manned routes; According to Anhui's announcement on the 12th, the "2024 Anhui Province Low Altitude Air Route Planning Plan" submitted by the Anhui Provincial Aviation Flight Service Station with the assistance of the Provincial Aviation Coordination and Management Service Center has been successfully approved, with three new low altitude air routes added compared to last year.
On March 8th local time, the Federal Aviation Administration (FAA) officially announced the final top-level airworthiness standards for the Joby eVTOL JAS4-1, marking the first time in the field of flying cars in the United States.
At the same time, in addition to Yihang Intelligence, other flying car suppliers are also actively promoting product progress.
On March 8th, GAC Flying Automobile GOVE conducted a flight demonstration over the CBD of Guangzhou, completing its first flight verification in a complex low altitude environment of urban public.
On the same day, Xiaopeng Huitian Flight Car "Traveler X2" completed a low altitude flight in the "Tiande Square Guangzhou Tower" area of the urban CBD. During this flight, Traveler X2 took off vertically from the super Grade A office building complex in Tiande Square, Tianhe District, Guangzhou, and flew towards the direction of Guangzhou Tower through autopilot mode.
Not long ago, the world's first cross sea and cross city simulated manned flight using an electric vertical takeoff and landing aircraft was just completed: the electric vertical takeoff and landing aircraft "Shengshilong" took off from the Shenzhen Shekou cruise ship home port and landed at the Jiuzhou Port pier in Zhuhai, taking about 20 minutes for the entire journey. After obtaining the airworthiness certificate, the aircraft is expected to start manned flights in 2026, with commercial operations on hundreds of routes and thousands of takeoff and landing points in the Guangdong Hong Kong Macao Greater Bay Area. The estimated single seat ticket price is around 300 yuan.
Expected to give birth to trillions of blue oceans
Low altitude economy is an emerging integrated economic form of "aviation+" style. In recent years, China has intensively introduced relevant industrial policies, deepened airspace reform, and promoted the development of low altitude economy from exploration.
CITIC Securities pointed out that aviation is the main industry of the low altitude economy, and the drone industry is its dominant industry. The combination of the two is a development hotspot for urban air traffic UAM, while eVTOL is the mainstream form of UAM. The low altitude economy has strong industrial radiation and is expected to generate a trillion yuan industrial scale. The new track will improve infrastructure and operational construction on the basis of the aviation industry, expand more advanced aircraft technology, expand new application scenarios, and provide more development increment for related industries.
In terms of specific links in the industrial chain, Zhejiang Securities believes that the upstream links of the low altitude economy industry are highly similar to aircraft manufacturing. It is recommended to focus on areas such as complete machines, composite materials, power systems, air traffic control, and operation and maintenance.
According to incomplete statistics, among the A-share market, Yihang Intelligent Cooperation Manufacturers include:
Manufacturers related to the low altitude economic industry chain include: