WANFENG AUTO WHEEL(SZ:002085) Quan Jing Wang·2025-07-25 09:07Group 1: Industry Overview - The 2025 International Low Altitude Economy Expo will be held in Shanghai, showcasing nearly 300 leading companies in the low-altitude economy, focusing on breakthroughs in eVTOL and drone technologies [1] - The low-altitude economy market in China reached a scale of 505.95 billion yuan in 2023, with a growth rate of 33.8%, and is expected to grow to between 670.25 billion yuan and 970.25 billion yuan in 2024, potentially reaching 1.5 trillion yuan by 2025 [2] Group 2: Company Developments - Wan Feng Aviation has integrated Volocopter's advanced eVTOL technologies with its own manufacturing capabilities, creating a diverse product matrix that includes fixed-wing aircraft, vertical take-off and landing vehicles, and drones [2][3] - The company completed the acquisition of Volocopter GmbH's core assets in March 2025, which will accelerate its global development and application in the low-altitude sector [4] - Wan Feng Aviation's revenue from its general aviation aircraft innovation manufacturing business reached 2.814 billion yuan in 2024, reflecting a year-on-year growth of 1.62% [5] Group 3: Competitive Advantages - The company has established a dual-engine development model focusing on lightweight automotive components and innovative general aviation aircraft manufacturing, leveraging its strengths in both sectors [3][7] - Wan Feng Aviation has a leading position in the low-altitude economy and is recognized for its advanced manufacturing capabilities in lightweight magnesium alloy materials, which can be applied to eVTOL development [6][7] - The company is actively pursuing the certification process for its eVTOL models, including the eDA40 and DART series, while enhancing its operational efficiency through resource integration across multiple production sites [7]