Zhong Guo Neng Yuan Wang·2025-08-04 06:10Core Viewpoint - The low-altitude economy sector has underperformed compared to the Shanghai Composite Index during the reporting period, indicating a need for further development and investment in this emerging industry [1][2]. Market Performance - The Wind Low Altitude Economy Index increased by 0.62%, lagging behind the Shanghai Composite Index by 0.10 percentage points, but outperforming the CSI 300 Index by 0.71 percentage points and underperforming the ChiNext Index by 1.37 percentage points [1][2]. - The National General Aviation Index rose by 0.35%, underperforming the Shanghai Composite Index by 0.37 percentage points, outperforming the CSI 300 Index by 0.44 percentage points, and lagging behind the ChiNext Index by 1.64 percentage points [1][2]. National and Local Policy Support - The National Development and Reform Commission emphasized the importance of promoting high-quality development in the low-altitude economy during a meeting on July 31 [2]. - Shenzhen's Development and Reform Commission released a plan for high-quality construction of low-altitude infrastructure from 2024 to 2026, aiming to establish itself as the "global low-altitude economy capital" [2]. - Guangdong Province's Data Bureau issued a plan to build a credible data space for the low-altitude industry by the end of 2027, fostering a data-driven ecosystem [2]. Strategic Collaborations and Developments - Volant Aviation signed a strategic cooperation agreement with Thailand's Pan Pacific and China Aviation Technology International Engineering, involving the procurement of 500 eVTOL aircraft valued at $1.75 billion [3]. - Hubei Province signed agreements for the establishment of low-altitude economic comprehensive experimental zones, focusing on interconnectivity and sustainable business models [3]. - Peak Aviation delivered the world's first eVTOL aircraft with all three necessary certifications, indicating advancements in the eVTOL sector [4]. - Joby Aviation announced plans to launch eVTOL passenger flights in the Middle East by spring 2026, marking a significant step in commercial operations [6]. Investment Recommendations - The low-altitude economy is gaining national strategic focus, with local policies accelerating support and resource allocation. Key areas for investment include components, complete aircraft, infrastructure, and air traffic management [6]. - Relevant companies include: - Upstream components: Yingboer, Zongshen Power, Wolong Electric Drive, Zongheng Communication, Zhonghe Technology [6]. - Complete aircraft manufacturers: EHang Intelligent, Wanfeng Aowei, XPeng Motors, Green Energy Huichong [6]. - Air traffic management systems: Lais Information, Shenzhen Urban Transport, Sichuan Jiuzhou, Sujiao Science and Technology [6]. - Supporting services: Guangdian Measurement, Huace Testing, Weihai Guotai, Hite High-tech [6].