EHang(US:EH) 3 6 Ke·2025-07-25 01:21Core Insights - The large-scale commercialization of eVTOL (electric vertical takeoff and landing) aircraft is approaching, highlighted by the delivery of the V2000CG Kai Rui Ou, the world's first eVTOL with all three airworthiness certificates [1][3][5] - Chinese companies are leading globally in airworthiness certification and commercialization, with expectations of explosive growth in the eVTOL market in the coming years [2][26] Airworthiness Certification - The "three airworthiness certificates" include Type Certificate (TC), Production Certificate (PC), and Aircraft Certification (AC), which are essential for mass production and public trust [3][4] - The V2000CG received its AC in July 2024, following its TC in March 2024 and PC in December 2024, marking a significant milestone in eVTOL certification [4][5] Technological Advancements - The V2000CG is a two-ton, fully electric, unmanned aircraft with a maximum payload of 400 kg, a cruising speed of 200 km/h, and a range of 200 km, suitable for low-altitude logistics and emergency transport [5][7] - The eVTOL industry faces challenges such as stringent safety standards, technological bottlenecks, and high costs, but advancements in battery technology and flight performance are ongoing [7][21][22] Market Developments - Peak Aviation has secured significant orders, including a 100-unit intent purchase from CITIC and 12 units from Hanyang Investment Development Group, totaling approximately 1.57 billion yuan [10] - Other companies like XPeng and EHang are also making strides, with XPeng securing $250 million in funding and EHang receiving multiple domestic orders [10][16] Industry Landscape - Over 50 Chinese companies are involved in the eVTOL sector, indicating a robust and competitive market environment [28] - The low-altitude economy is transitioning to a new phase of "safe and healthy development," with eVTOLs showing potential in tourism, logistics, and rescue applications [28][29]