“空中的士”拿下千架订单，低空经济从能飞到赚钱还有多远？

Group 1 - The Chinese eVTOL industry is at a critical turning point, balancing between scaling up and regulatory compliance, with significant overseas orders and ongoing challenges in certification and operational deployment [1] - At the 2025 International Low Altitude Economy Expo, Chinese eVTOL manufacturer Volant announced a record overseas order worth $1.75 billion, marking the largest overseas transaction in the Chinese eVTOL sector to date [1] - Over 1,400 intention orders for eVTOL aircraft have been received by Chinese manufacturers this year, indicating strong market interest despite regulatory hurdles [1][13] Group 2 - The commercial viability of eVTOLs hinges on obtaining three key certifications: Type Certificate (TC), Production Certificate (PC), and Airworthiness Certificate (AC), which are essential for commercial operation [6] - Companies like EHang and Pinnacle Aviation are progressing through the certification process, with EHang expected to complete its TC by October 2023 and its AC by December 2023 [7][10] - The certification process can take 3-4 years and may cost companies over a billion yuan, highlighting the financial and time investments required for market entry [10] Group 3 - The industry is witnessing a disparity between the number of drone companies and those achieving stable commercialization, with over 36,000 drone-related companies in China but few successfully operational [4][5] - Current operational drones are primarily focused on high-value logistics, emergency rescue, and medical transport, with logistics accounting for 40% of the order structure in some companies [5] - The low-altitude economy faces challenges such as a shortage of qualified pilots and high accident rates, which hinder the market's growth potential [15]