低空经济新突破！吨级载人eVTOL首次有人驾驶试飞

Core Insights - China's first manned eVTOL test flight has been successfully conducted, marking a significant milestone in the development of high-grade commercial passenger eVTOLs [1][3] - The low-altitude economy is gaining momentum, with increasing commercial activities and supportive government policies [2][5] Group 1: Manned eVTOL Developments - The first manned test flight of the Volant VE25-100AC101 took place from October 4 to October 14 at the Zigong test base, validating its initial handling performance and system stability [3] - The VE25-100 is positioned for commercial passenger use, with operational costs per kilometer estimated to be only 1/8 to 1/10 of similar helicopters, indicating strong commercial viability [3] - The aircraft features a wingspan of 16 meters and a maximum takeoff weight of approximately 2.6 tons, making it one of the largest eVTOLs in terms of cabin space and payload capacity [3] Group 2: Industry Trends and Investments - The low-altitude economy is witnessing a shift from "whole machine heat" to "core technology breakthroughs," with significant investments in eVTOL and related technologies [5][8] - In the first half of 2025, nearly 100 financing events occurred in the low-altitude economy sector, totaling over 7.5 billion yuan, with 26 financing transactions in September alone amounting to 4.917 billion yuan [5] - The global manned eVTOL market is projected to reach $225 billion by 2040, with two main segments emerging: personal flight eVTOLs for short, lightweight scenarios and "air taxi" eVTOLs for longer, point-to-point travel [8] Group 3: Strategic Partnerships and International Expansion - XPeng Heitech successfully conducted its first international public flight demonstration of the "land aircraft carrier" in Dubai, marking a key step in the internationalization of China's low-altitude electric manned flight technology [4] - Agreements were signed for the first batch of 600 flying cars in the Middle East, setting a record for the largest overseas order in this field [4] - The establishment of a manufacturing base in Guangzhou for the flying car is set to support mass production by 2026 [4][7]