供图） 亿航智能多年来专注于研发与制造多元化的无人驾驶电动垂直起降（eVTOL）航空器产品，旗舰产品 EH216-S已获得中国民用航空局颁发的全球首张无人驾驶载人电动垂直起降航空器型号合格证、生产许 可证和标准适航证，并在中国首批载人无人驾驶eVTOL商业运营资质下投入运营。 据贺天星介绍，随着EH216-S开始商业化试运营，对亿航智能而言2025年也是商业运营元年，虽然目前 还没有大面积对外售票，但是已经逐步以预约制的方式开放eVTOL飞行服务，包括所有配套服务都可 以在合法合规情况下开展。近期中国民航局正在亿航智能进行关于大型无人驾驶航空器操作员的试点培 训，亿航智能也是载人航空器的重要试点企业。 新华财经广州12月25日电（记者高少华）广州亿航智能技术有限公司（以下简称"亿航智能"）副总裁贺 天星25日在2025粤港澳大湾区低空经济高质量发展大会上接受记者采访时表示，低空经济和以低空引领 的新型民用航空器科技产品是中国企业一次重要发展机遇。中国企业在低空经济领域已经建立了许多领 先优势，低空经济出海不只是向世界输出优质产品，更要推动中国标准成为国际公认的新规范，在全球 范围树立新的样板。 亿航智能副总裁 ...

Ehang Holdings Ltd. (NASDAQ:EH) is one of the most promising small-cap industrial stocks under $50. On December 2, DBS analyst Jason Sum reaffirmed his bullish view on Ehang Holdings Ltd. (NASDAQ:EH). He assigned a Buy rating to the stock and has estimated a target price of $24. Sum’s forecasts lead to an almost 80% upside for the stock from the current level. Is Red Cat Holdings, Inc. (RCAT) the Best Small-Cap Drone Stock to Buy Now? sibsky2016/Shutterstock.com The consensus 1-year median price target ...

小鹏汇天专注低空产品的研发、制造和应用，其打造的陆地航母产品目前全球订单已经达到7000台，预 计2026年下半年开始交付。"最近我们的广州量产工厂也已经开始试产，满产之后，我们的自动化产线 将每半小时下架一架飞机。"广东汇天航空航天科技有限公司创始人赵德力说，"但低空经济想要呈现满 天都是飞行汽车的场景，还需要很长时间，一方面是技术成熟度，需要把安全性提得更高、噪音降得更 低，同时老百姓也得接受，目前低空出行的成本还是挺高的。" "亿航聚焦城市和城市周边空中出行场景，这是一个新兴经济形态，也是最难的一个经济形态，所以我 们需要更多时间陪跑，坚韧不拔把这件事做好。"亿航智能创始人、董事长兼CEO胡华智表示，推动低 空经济安全健康发展的核心是不要一哄而上，而是要不断积累经验，有足够的商业布局，真正做到"经 济"，推动低空产业健康发展。 万丰飞机工业有限公司董事长刘剑平表示，万丰2016年全资收购了全球前三强的钻石飞机工业公司，通 过弯道超车的方式，一举成为世界前三强的飞机制造商。现在公司产品的市场主要在海外，在国内的份 额还不到10%。他认为，中国的通用航空和低空经济才刚刚起步，公司对未来国内市场充满信心，将持 ...

Core Insights - Guangzhou's low-altitude economy is transitioning from policy guidance to industrialization, marked by significant developments from local companies [1][3] - The commercialization of eVTOL (electric Vertical Take-Off and Landing) faces challenges in airspace management and technical standards, necessitating digital solutions for effective regulation [2][3] Industry Developments - Local companies like XPeng and GaoYu are making strides in low-altitude vehicle testing and production, with XPeng's "land aircraft" completing its first test flight and GaoYu's factory preparing for trial production [1][4] - The integration of research, testing, and production facilities in Guangzhou is creating a complete cycle for low-altitude vehicle development, facilitating the transition from technology to mass production [3][4] Application Scenarios - The low-altitude economy in Guangzhou is expanding across six major sectors, including logistics, passenger transport, public services, and agriculture, with 93 demand scenarios and 115 supply scenarios identified [5][6] - Notable advancements include the establishment of drone delivery routes by major logistics companies and the development of low-altitude business routes connecting cities in the Greater Bay Area [5][6] Policy Framework - Guangzhou has integrated low-altitude economy into its "12218" modernization strategy, establishing a clear policy matrix to support industry development and market demand [7][8] - The city has implemented regulations and support measures to create a stable legal environment for low-altitude economic activities, including the "Guangzhou Low-altitude Economy Development Regulations" [7][8] Future Directions - Despite progress, there is a need to strengthen operational services and technical research, particularly in battery technology and flight control algorithms, to enhance competitiveness [9] - The industry must focus on developing third-party flight service companies and improving service systems to complete the industrial chain from research and manufacturing to operational services [9]

Core Insights - The low-altitude economy in Huangpu District is rapidly developing, with a complete industrial chain from core component research and development to manufacturing and application [3][10][11] - EHang Intelligent has become the first company globally to obtain all four necessary certifications for commercial operation of unmanned aerial vehicles (UAVs) [11][12] - The establishment of the world's first mass production line for flying cars by XPeng Heavens marks a significant milestone in the industrialization of aviation manufacturing [6][10] Group 1: Low-Altitude Economy Development - The low-altitude economy in Huangpu District has formed an industrial cluster led by companies like EHang Intelligent and XPeng Heavens, with a total output value reaching 148 billion yuan [3][10] - Huangpu District has launched 16 typical application scenarios and 55 specific opportunity lists for the low-altitude economy, covering various fields such as agriculture and meteorology [16][18] - The district's low-altitude industry chain output value is expected to grow from 130 billion yuan in 2023 to 148 billion yuan in 2024, with further increases anticipated in 2025 [10][11] Group 2: Technological Innovations - XPeng Heavens' flying car production facility has a planned annual capacity of 10,000 units, with an initial capacity of 5,000 units, making it the first factory capable of mass-producing flying cars [6][10] - The factory features innovative production processes, including the world's first power assembly detection line, which enhances production efficiency [8][10] - The integration of automotive assembly lines into aviation manufacturing is a groundbreaking development that aims to reduce costs to a more affordable range for families [6][10] Group 3: Commercialization of UAVs - EHang Intelligent's EH216-S has become the first unmanned aerial vehicle in China approved for commercial operation, marking a significant step towards the commercialization of low-altitude economy [11][12] - The company plans to gradually open eVTOL flight services to the public, with a focus on safety and stability during the transition to regular commercial operations [14][16] - EHang has conducted 1,923 flight activities this year, covering a total flight time of 243 hours and a distance of 3,760.57 kilometers [16] Group 4: Infrastructure Development - Huangpu District has established a comprehensive low-altitude infrastructure network, including 22 small take-off and landing points and a low-altitude management service platform [21][23] - The district's low-altitude route network includes three hubs, nine landing sites, and numerous take-off points, facilitating various air transport services [21][23] - The construction of the Knowledge City Aerospace Manufacturing Equipment Park is underway, with a focus on developing low-altitude management and safety systems [25][26] Group 5: Commercial Aerospace Initiatives - The Guangzhou Aerospace Town project aims to create a deep integration of industry and city, focusing on rocket manufacturing and satellite development [28][30] - The project has attracted leading companies like China Aerospace Science and Technology Corporation, which will establish production bases for reusable rocket engines [29][30] - The establishment of a world meteorological center in Huangpu District enhances the safety and operational efficiency of low-altitude flights [26][27]

Core Viewpoint - The company is actively expanding its business in the low-altitude economy by developing supporting products for airborne equipment, including seats, interiors, air conditioning, and lighting, and has signed contracts or letters of intent with several eVTOL manufacturers [2] Group 1 - The company is leveraging its mature technology and craftsmanship in existing airborne equipment products to broaden its offerings [2] - The company has established partnerships with multiple eVTOL manufacturers for research and development [2] - Currently, the company has not provided products for the EHang EH216-S unmanned passenger aircraft [2]

Core Viewpoint - The global low-altitude economy is evolving, with Chinese eVTOL companies experiencing unprecedented overseas order growth, particularly in the Middle East and Southeast Asia, indicating a strong recognition of Chinese low-altitude economic development in international markets [1][6]. Group 1: Overseas Orders and Collaborations - Chinese eVTOL companies have secured significant overseas orders, including a $1 billion deal for 350 E20 eVTOLs from the UAE and a $1.75 billion contract for 500 VE25-100 eVTOLs from Thailand [1][2]. - Volant announced a procurement agreement for 30 VE25-100 eVTOLs with a Dubai aviation finance company, aiming to expand into the Middle East and European markets [2]. - Yufeng Future received an order for 100 eVTOLs from Saudi Arabia, focusing on low-altitude cargo and offshore energy transport [2]. Group 2: Technological and Regulatory Progress - The E20 eVTOL's airworthiness certification application has been accepted by the Civil Aviation Administration of China, entering the compliance verification stage [3]. - The first batch of E20 eVTOLs is planned for delivery after obtaining airworthiness certification, with operations initially focused on Abu Dhabi [3]. - Peak Flying has also made strides in the Middle East, securing a deal for 50 eVTOLs, including the V2000CG and V2000EM models, with deliveries expected by the end of 2025 [3]. Group 3: Market Potential and Strategic Importance - The Middle East is identified as a strategic hub for eVTOL development due to its concentration of high-net-worth individuals and supportive government policies [1][4]. - Southeast Asia is viewed as a natural testing ground for eVTOLs, with urgent needs for inter-island commuting and emergency rescue services [5]. - The region's geographical challenges make eVTOLs an ideal solution for efficient point-to-point connectivity [4][5]. Group 4: Future Outlook and Industry Dynamics - Chinese eVTOL companies are not only selling aircraft but are also engaging in building local ecosystems, collaborating with local aviation service providers and government agencies to establish standards and infrastructure [6]. - The rapid pace of international expansion, large order volumes, and deep collaborations have exceeded market expectations, driven by technological advancements, policy support, and market demand [6]. - As airworthiness certifications are achieved and operational data accumulates, Chinese eVTOLs are expected to play an increasingly significant role in the global low-altitude economy [6].

Core Viewpoint - The low-altitude economy is poised to reshape the three-dimensional transportation landscape, becoming the next trillion-dollar industry following electric vehicles, as highlighted by Professor Xie Shengli from Guangdong University of Technology [5]. Industry Overview - The 2025 International Low Altitude Economy Trade Expo in Guangzhou attracted over 350 enterprises, showcasing the entire low-altitude industry chain from upstream materials to core components and application scenarios [5][6]. - The event reflects the robust vitality of Guangdong's low-altitude economy, which is supported by national strategies that have integrated low-altitude economic development into government planning since 2021 [6]. Market Potential - By 2035, China's low-altitude economy market is expected to reach 3.5 trillion yuan, with key regions including the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta [7]. - As of the end of 2024, the number of registered traditional general aviation aircraft in China is projected to be 3,232, while the number of registered drones is expected to reach 2.177 million, with drone flight hours surpassing 26.67 million, significantly outpacing traditional aviation [7]. Regional Advantages - Guangdong is home to over 15,000 low-altitude economy enterprises, accounting for more than 30% of the national total, and is expected to surpass 180 billion yuan in low-altitude economic output in 2024 [8]. - The region leads globally in the drone sector, with consumer drones making up 70% of global production and industrial drones 50% [8]. Challenges and Responses - The low-altitude economy faces challenges such as underdeveloped high-value application scenarios and stringent airspace management, which hinder the realization of its full potential [10]. - Energy supply is a critical challenge, particularly regarding battery technology that meets the high power output requirements for vertical takeoff and landing [11]. - Guangdong is proactively addressing these challenges by optimizing airspace management and focusing on key technological advancements through collaborative efforts among government, academia, and industry [11][12].

Core Insights - The fourth "Belt and Road" International Industry Cooperation Forum was held in Guangzhou Huangpu, with nearly 500 representatives from various countries discussing the shift in focus from infrastructure and general trade to deeper industrial chain integration, technology standard collaboration, and local capacity building [1][6][9]. Group 1: Forum Highlights - The forum showcased a significant trend in "Belt and Road" cooperation, emphasizing the transition towards more profound industrial chain integration and collaborative innovation [1]. - The "Comprehensive Service Platform for International Development in the Industrial and Information Sector" was launched during the forum, aimed at providing full-process services for Chinese enterprises going abroad, marking a shift from macro guidance to refined empowerment in internationalization policies [4][9]. Group 2: Case Studies and Practices - Guangzhou Development Zone, with over 5,200 foreign enterprises and 330 Fortune 500 projects, is building an innovative network linking global high-end resources through the "Three Cities and One Island" strategy [4]. - Guangzhou Industrial Control Group has established a tire production base in Cambodia with an annual capacity of 12 million semi-steel radial tires, achieving a record of 288 days from startup to the first tire off the line, contributing to local economic growth and industrial upgrading [9]. - EHang Intelligent is transitioning from product export to co-creating rules and standards in advanced air traffic, with plans to operate 100 EH216-S eVTOLs in Thailand by the end of 2026, indicating a move towards higher-level innovation chain collaboration [10]. Group 3: Evolving Cooperation Models - The cooperation model is evolving from mere transactional relationships to partnerships focused on innovation and development, as highlighted by Brazilian representatives expressing interest in knowledge sharing and collaborative innovation in AI and digitalization [11]. - The emphasis on building a more secure and complete supply chain system reflects the growing concern for resilience and safety in global supply chains, particularly in emerging fields like green and digital technologies [11]. - The collaborative standard-setting efforts in emerging industries suggest a potential for China and partner countries to shape new industrial ecosystems together, moving from a position of following to parallel development [11].

Group 1: Event Overview - The event "2025 Cross-Strait and Hong Kong-Macao Southeast Asia Chinese Media Guangzhou Tour" was held in Guangzhou, focusing on the theme "New Quality of the Bay Area, New Colors of Yangcheng" [1] - Over 40 media reporters and self-media individuals participated, exploring Guangzhou's technology parks, industrial hubs, and historical sites [1] Group 2: Historical Significance - Guangzhou, referred to as the "Pearl of the South," has a rich history, evolving from a small city in the Qin Dynasty to a major port during the Tang and Song Dynasties, and now serves as a key city in the Guangdong-Hong Kong-Macao Greater Bay Area [2] - The city is noted for its historical "firsts," including the first machine silk factory and the first electric light company in China [2] Group 3: Technological Innovations - EHang Intelligent Technology showcased its various aerial vehicles, emphasizing the vision of convenient air travel akin to taking a taxi [4] - The EH216-S, a small passenger drone, has been tested in cities like Hefei and Guangzhou, with a larger VT35 model boasting a range of 200 kilometers [5] - XPeng Motors demonstrated advanced automotive technology, including a gravity-free seat in a large SUV, highlighting significant cost advantages compared to similar vehicles in Taiwan [5] Group 4: Cultural and Digital Experience - Media participants experienced Guangzhou's vibrant digital music scene at KuGou Music, which utilizes new technologies to promote Chinese music internationally [6] - The integration of AI in music production and distribution was highlighted, showcasing the platform's success in adapting popular songs for foreign markets [6] Group 5: Youth Engagement and Historical Reflection - Young volunteers shared the historical significance of the Huanghuagang 72 Martyrs Cemetery, emphasizing the importance of understanding the past [6] - The visit to the Sun Yat-sen Memorial Hall evoked strong emotional responses from participants, reflecting on Guangzhou's pivotal role in modern Chinese history [6]