Xin Jing Bao·2025-09-30 14:14Core Insights - Chinese automotive companies are accelerating their investments in the flying car sector, with significant announcements from major players like Changan Automobile and XPeng Motors regarding their plans for production and delivery timelines [2][5][6] Company Developments - Changan Automobile announced the establishment of a joint venture for flying cars and aims to launch a flying car by 2030 [2] - XPeng Motors plans to mass-produce the world's first "car + airplane" combination flying car by 2026, having developed seven prototype models and invested billions [5] - GAC has also introduced its multi-rotor flying car, the GAC High Domain AirCab, with a planned price of no more than 1.68 million yuan, set to begin operations in the Guangdong-Hong Kong-Macao Greater Bay Area [5] - Other companies like Geely and FAW are still in the research and testing phases, with FAW's flying car project based in Shenzhen aiming for its first flight this year [6] Market Potential - Morgan Stanley predicts that the flying car industry could reach a market size of $300 billion by 2030 and $9 trillion by 2050, with China potentially becoming the largest urban low-altitude transportation market [3] - The low-altitude economy is expected to create multiple trillion-dollar segments, including low-altitude vehicle manufacturing, infrastructure, and operational services [7] Industry Trends - The flying car sector is seen as a response to the saturation of the smart automotive market, with companies seeking new growth avenues [7] - The integration of electric vertical takeoff and landing (eVTOL) vehicles and drones is being pursued through various development strategies, including self-research and partnerships [5] Challenges - Despite the promising outlook, flying cars face challenges related to costs and regulatory frameworks that must be addressed for widespread adoption [4][9] - High costs are attributed to the current stage of smart terminal development and the lack of a mature supply chain, which could hinder the industry's growth [10]