Group 1 - The Hong Kong Special Administrative Region Chief Executive, John Lee, led a trade delegation to Qatar and Kuwait, consisting of over 50 members, including representatives from Hong Kong and mainland enterprises, resulting in 59 cooperation memorandums and agreements across various sectors such as trade, investment, financial services, technology, law, aviation, customs, and tourism [1][4] - Companies like Jiadu Technology and EHang participated in the delegation, with high-level executives engaging in over 12 hours of work daily during the 5-day trip to explore collaboration opportunities [1][2] - The trip showcased the complementary advantages of Hong Kong and mainland enterprises, expanding their cooperation network in the Middle East and setting a new benchmark for high-quality international expansion for Bay Area companies [1] Group 2 - Jiadu Technology's Executive President expressed optimism about the alignment between the Middle East's digital transformation needs and the company's technological strengths, aiming for practical cooperation in smart cities and green transportation [2] - Jiadu Technology signed cooperation memorandums with HSBC Asia Pacific and Deloitte in Kuwait and Qatar, respectively, to leverage their expertise and global networks for strategic upgrades and market expansion [2] - EHang's Vice President highlighted the importance of the Middle East in the company's global strategy, emphasizing the need to deepen partnerships and explore low-altitude transportation applications in the region [3][4] Group 3 - The Guangzhou Municipal Government's Hong Kong and Macao Affairs Office played a crucial role in facilitating the participation of local enterprises in the delegation, aiming to promote Guangzhou's innovative achievements globally and enhance collaboration with Hong Kong firms [4] - The office's efforts included securing invitation slots for two outstanding enterprises from Guangzhou to join the delegation, supporting local private enterprises in leveraging Hong Kong's unique advantages to access the Middle Eastern market [4] - The office aims to address the challenges faced by export-oriented businesses by actively implementing measures to stabilize foreign trade and enhance the international competitiveness of the Guangdong-Hong Kong-Macao Greater Bay Area [4]

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 华为nova 14系列及鸿蒙电脑齐登台。5月19日，搭载鸿蒙5的nova 14系列手机及鸿蒙电脑正式亮相。其 中，nova 14系列全面搭载鸿蒙5，将鸿蒙5带入更大规模的主力消费群体，尤其是年轻用户。加上"阔折 叠"手机Pura X，华为正加速在中高端手机市场上普及鸿蒙。另一方面，两款全新鸿蒙电脑——折叠电 脑HUAWEI MateBook Fold非凡大师、笔记本HUAWEI MateBook Pro的发布，则填补了办公场景生态缺 口，标志着鸿蒙全场景布局的完成。 英伟达转型AI基建企业，发布系列新品。5月19日在COMPUTEX2025上，英伟达创始人兼CEO黄仁勋 表示，Grace-Blackwell产品已投产，今年三季度升级到GB300版本。英伟达推出新的Blackwell RTX Pro 6000系列主板，该主板连接八个GPU，并作为称为CX8的交换网络，标志着一种新型芯片类别的出现。 英伟达还发布了NVLink Fusion，开放联 ...

Group 1 - The AI era presents transformative opportunities for the renewable energy industry chain, with potential deep integration with AIDC, humanoid robots, and low-altitude economy, driving intelligent upgrades in society and expanding growth space in the industry [1][2] - Major AI companies are accelerating capital expenditures, leading to a significant upward shift in the renewable energy + AIDC sector, with technologies like HVDC and BBU enhancing data center efficiency and reliability [1][5] - The humanoid robot sector is at a critical transition from 0 to 1, with the potential for significant growth as companies in the electric vehicle supply chain, such as Tesla, expand into this field [1][21] Group 2 - The renewable energy + AIDC sector is experiencing a major opportunity due to AI's deepening integration, which is expected to optimize resource allocation and enhance decision-making quality [2][5] - Data centers are evolving into innovation centers, with AIDC investments serving as forward-looking indicators of growth, necessitating improvements in energy infrastructure to meet increasing power density demands [5][7] - UPS systems are currently the most widely used in data centers, with HVDC and Panama power systems representing the next evolutionary step in power supply solutions [9][11] Group 3 - The humanoid robot industry is in its early stages, with a projected market size of 10 trillion RMB by 2028, driven by advancements in technology and decreasing costs [14][19] - National policies are significantly supporting the humanoid robot sector, emphasizing its importance and promoting applications across various fields [19][20] - Tesla is a core driver of global humanoid robot development, with plans to produce thousands of units by 2025 and expand production significantly by 2026 [21][25] Group 4 - The low-altitude economy is expected to exceed a trillion RMB in scale, with eVTOL and drones as key components, driven by policy support and rapid advancements in certification processes [50][55] - The low-altitude economy's industrial chain is robust, with a focus on manufacturing and infrastructure, highlighting a dual transformation towards intelligence and low carbon [52][56] - Policies are crucial in the early stages of the low-altitude economy's development, with initiatives aimed at fostering technological breakthroughs and market cultivation [55][59] Group 5 - Key companies in the renewable energy + AIDC sector include Kehua Data, Hewei Electric, and others, while the humanoid robot sector features companies like Keda Li and Zhenyu Technology [2][63] - The low-altitude economy is represented by companies such as Yingboer and EHang, which are actively developing eVTOL products and related technologies [63][62]

Core Viewpoint - The eVTOL industry is experiencing significant progress in airworthiness certification, with companies like Xiaopeng Huitian and Muyu Tian Aviation making strides in obtaining necessary certifications for their aircraft models [1][3]. Certification Progress - Xiaopeng Huitian's "Land Carrier" flying vehicle (X3-F) had its production license application accepted on May 9, 2023, while Muyu Tian Aviation's AT1300 model's type certificate application was accepted on April 30, 2023 [1]. - The eVTOL aircraft must obtain three key certifications: Type Certificate (TC), Production Certificate (PC), and Airworthiness Certificate (AC) to be legally operated [2]. Industry Insights - The TC is considered the most challenging certification, typically taking 2-3 years to obtain, while the PC and AC are less difficult [3]. - Currently, only two companies, EHang and Fengfei Aviation, have successfully obtained TC, with EHang's EH216-S taking nearly three years for the process [3][4]. Commercial Operations - EHang and Fengfei Aviation have both obtained their PC after receiving TC, with EHang being the only company to hold all four certifications (AC, TC, PC, OC) in China [4]. - The first operational certificate (OC) was issued to EHang's subsidiary and a joint venture, allowing for low-altitude flight services, primarily for sightseeing and experience flights [5][6]. Future Outlook - The issuance of the OC marks a significant step towards the commercialization of low-altitude passenger services and urban air mobility [6]. - EHang plans to expand its operations to include urban commuting and eventually achieve fully autonomous low-altitude transportation services [6].

Core Viewpoint - EHang Holdings Limited, a leader in Urban Air Mobility technology, is set to release its unaudited financial results for Q1 2025 on May 26, 2025, before the U.S. market opens [1]. Financial Results Announcement - The unaudited financial results for the first quarter ended March 31, 2025, will be announced on May 26, 2025 [1]. - An earnings conference call will be hosted by EHang's management team at 8:00 AM U.S. Eastern Time on the same day [2]. Conference Call Details - Participants must complete an online registration process to join the conference call, receiving email instructions with dial-in information and a PIN number [2]. - A live and archived webcast of the conference call will be available on the Company's Investor Relations website [3]. Company Overview - EHang is recognized as the world's leading Urban Air Mobility technology platform, focusing on safe, autonomous, and eco-friendly air mobility solutions [4]. - The company provides unmanned aerial vehicle systems for various applications, including human transportation, logistics, smart city management, and aerial media solutions [4]. - EHang's EH216-S has received the world's first type certificate and production certificate for pilotless human-carrying electric vertical takeoff and landing aircraft from the Civil Aviation Administration of China [4]. - In 2025, EHang's eVTOL operators were granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers [4].

Core Viewpoint - The low-altitude economy is emerging as a significant industry, projected to exceed 2 trillion yuan by 2030, driven by innovations in various sectors such as agriculture, logistics, and emergency rescue [4][22]. Group 1: National Strategy and Policy Framework - In 2023, the Central Economic Work Conference officially recognized the low-altitude economy as a strategic emerging industry, with further emphasis in the 2024 government work report [5][7]. - The implementation of the "Interim Regulations on the Flight Management of Unmanned Aerial Vehicles" in 2024 fills regulatory gaps for micro and light drones, facilitating low-altitude flight [5]. - Shenzhen has introduced the first special regulation for the low-altitude economy, aiming to become the "first city of low-altitude economy" with a target of exceeding 100 billion yuan by 2025 [6]. Group 2: Industry Chain Overview - The low-altitude economy has established a complete industry chain, including upstream materials, midstream aircraft manufacturing, and downstream application scenarios [4][10]. - Key materials such as carbon fiber and high-energy-density batteries are critical for the production of eVTOLs, with carbon fiber expected to see a demand increase of up to 1,000 tons by 2030 [11][12]. Group 3: Market Projections and Trends - The eVTOL market is projected to reach 3.2 billion yuan by 2024 and exceed 9.5 billion yuan by 2026, highlighting its rapid growth potential [13]. - The logistics sector is increasingly adopting drones, with delivery costs dropping to between 5 and 20 yuan per package, and companies like SF Express and JD.com are normalizing drone deliveries in the Greater Bay Area [14]. - The low-altitude economy is expected to experience significant growth, with projections indicating a rise from 505.95 billion yuan in 2023 to 6 trillion yuan by 2035 [22]. Group 4: Future Development and Infrastructure - From 2025 to 2030, large-scale applications of drones in logistics and agriculture are anticipated, with over 100 smart city pilots providing substantial market opportunities [20]. - The comprehensive opening of airspace is expected to create a market exceeding 1 trillion yuan for urban air mobility (UAM) [20]. - Infrastructure development is accelerating, with Shenzhen planning 600 takeoff and landing points, and other regions actively engaging in low-altitude infrastructure projects [20].

Group 1 - The core viewpoint is that China's low-altitude economy is transitioning from a "policy year" in 2024 to a "year of large-scale application" in 2025, with significant advancements in eVTOL technology and regulatory approvals [1][3][5] - The establishment of a three-tier management standard system involving national, industry, and local levels will facilitate differentiated development paths for the low-altitude economy [1][3] - The low-altitude economy is expected to significantly reshape the spatial landscape of China's cultural tourism industry, driven by a market worth trillions [1][3] Group 2 - The 2024 government work report emphasizes the need for large-scale application demonstrations of new technologies and products, highlighting the strategic importance of the low-altitude economy in national economic growth [5][6] - eVTOL technology is being prioritized in the cultural tourism sector, serving as a pilot for future applications in transportation and commuting [6][8] - The integration of eVTOL into cultural tourism is seen as a way to enhance public understanding and acceptance of low-altitude travel, while also generating economic benefits [6][9] Group 3 - The development of a "low-altitude + cultural tourism" business ecosystem requires collaboration among various stakeholders, including manufacturers, operators, and service providers [11][13] - Key elements for a successful low-altitude commercial ecosystem include stimulating new consumer demand, establishing regular operational standards, and achieving large-scale development [13][14] - The balance between unified standards and local characteristics is crucial for the healthy development of the low-altitude economy [14][15]

Core Viewpoint - EHang Holdings has received a buy recommendation from Bank of America Securities, indicating strong growth potential in the eVTOL market with a price target of $26 per ADR, suggesting an upside of over 30% from its recent closing price [2]. Company Summary - EHang is the leading electric vertical takeoff and landing (eVTOL) aircraft manufacturer in China, benefiting from its advanced technology and multiple licensing agreements [4]. - The company is well-positioned in its domestic market, which is characterized by a high demand for innovative transportation solutions due to its large population and congested roads [6]. Industry Summary - The eVTOL industry is expected to receive significant support from local governments promoting alternative transportation solutions, which will serve as a catalyst for growth [5]. - The tourism sector is also anticipated to be a key client base for EHang, as businesses in this industry look to adopt eVTOL technology for transportation [5].

南方财经全媒体记者朱治宣 广州报道 近期，小鹏汇天的消息频频受到关注。 5月9日，小鹏汇天"陆地航母"飞行体（代号：X3-F）生产许可证（PC）申请正式获得民用航空中南地 区管理局受理，标志着飞行汽车产品向量产交付开始迈出重要的一步。 在技术路线上，亿航EH216-S的完全自动驾驶模式帮助乘客完全放开双手享受旅程，不必顾虑操控问 题，方便于规划和调度，有利于公共交通的开展和管理。小鹏汇天拥有自动和手动两种驾驶模式，支持 自动巡航飞行、智能一键返航等功能，并首创飞行器单杆操纵系统，做到5分钟上手，3小时可成高手。 同时其陆行体部分仅需普通C驾照即可驾驶，让飞行的乐趣更容易触及。 在艾媒咨询CEO兼首席分析师张毅看来，亿航智能已经成功上市，完成了资本的阶段性成功，这意味 着，上市公司的影响力可以得到更好的释放，也能吸引更多的B端买家，但是从另一方面来说，也会有 披露业绩的压力，因此对于B端的开发也相当注重。 2025年3月，亿航智能交出的年报展示了其快速增长的潜力，2024年全年收入总额达到4.56亿人民币， 增长率达288.46%。亿航智能相关销售数据显示，其订购客户主要来自B端和G端，采购订单多来自地方 政府 ...

Core Viewpoint - The 2025 Shanghai International Auto Show has emerged as a platform for showcasing advancements in low-altitude economy, featuring eVTOLs and flying cars, indicating a transformative shift in transportation towards a "ground + low-altitude" dual development model [1][2][8]. Group 1: Industry Developments - The auto industry is witnessing a significant transformation, with traditional boundaries being redefined as companies explore low-altitude economic opportunities, including urban air mobility and logistics [2][5]. - Major players like FAW Hongqi, GAC, and XPeng are unveiling innovative flying cars, with FAW's "Tianxian 1" boasting an air range exceeding 200 kilometers and set for its maiden flight this year [2][3]. - The integration of aviation technology into automotive products signifies China's proactive positioning in the future transportation landscape [2][5]. Group 2: Technological Innovations - Companies like Fengfei Aviation are showcasing eVTOLs equipped with high-density batteries, achieving a range of 200 kilometers and a cruising speed of 200 km/h, demonstrating significant advancements in aerial mobility [3][4]. - The emergence of smart drone systems at the auto show highlights the trend of integrating low-altitude economy with intelligent connected vehicles, enhancing operational efficiency and expanding application scenarios [3][4]. Group 3: Market Potential - The low-altitude economy is projected to grow significantly, with China's market expected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, reflecting a robust growth trajectory [11][12]. - The current scale of China's low-altitude economy has surpassed 500 billion yuan, with a growth rate of 33.8% in 2023, indicating strong market demand and investment interest [11][12]. Group 4: Policy and Regulatory Framework - The Chinese government is actively supporting the development of the low-altitude economy through policy initiatives, including the establishment of a dedicated department for low-altitude economic development [7][8]. - The Ministry of Industry and Information Technology has outlined a strategic focus on standardizing regulations for flying cars, addressing airspace coordination, airworthiness certification, and integrated traffic rules [7][8]. Group 5: Future Applications - The application scenarios for eVTOLs are expanding beyond urban transportation to include logistics, emergency rescue, and tourism, showcasing the versatility of low-altitude vehicles [10][11]. - Companies are exploring innovative use cases, such as rapid logistics delivery and emergency response, which could significantly enhance operational efficiency and service delivery in various sectors [10][11].