3 6 Ke·2025-11-11 07:52Core Insights - The year 2025 is referred to as the "Year of Low Altitude Economy" [1] - The transition from ground to sky industries is emphasized across various sectors, driven by a decade-long technological evolution [2] - The eVTOL (electric Vertical Take-Off and Landing) industry is seen as a natural extension of the electric vehicle technology [6] Industry Overview - Traditional automakers view the low-altitude economy not as "building aircraft," but as "replicating automotive experiences in three-dimensional space" [3] - Battery manufacturers are redefining energy systems, with the Chinese EV industry having built a comprehensive supply chain over the past decade [4] - The saturation of ground market capacities has led some forward-thinking companies to explore new scenarios in low-altitude travel [4] Market Dynamics - By 2025, at least six major Chinese automakers are publicly entering the eVTOL space, including GAC, Xpeng, Geely, BYD, Changan, and Great Wall [7] - Each automaker is partnered with familiar battery suppliers, indicating a collaborative approach to the eVTOL market [8] Technological Integration - The "car-battery-fly" integration structure differentiates China's low-altitude industry from that of the U.S., where eVTOL is seen as a downward transition from aviation [10] - Domestic eVTOL battery solutions focus on mass production, verification, and safety reuse rather than solely adhering to aviation standards [12] Battery Manufacturer Rankings - The report evaluates battery manufacturers based on four criteria: technological maturity and energy density, airworthiness and safety systems, industry collaboration, and scale and supply chain integration [15] - CATL is identified as the leading player in eVTOL battery technology, with a focus on integrating automotive safety standards with aviation requirements [18] - Gotion is recognized for its rapid transition from automotive to aviation validation, with a focus on practical market solutions [19][22] - BYD emphasizes safety with its blade battery technology, which is particularly suited for short-range, low-altitude travel [23][25] - SVOLT aims for lightweight system integration, while EVE focuses on international collaboration and compatibility across platforms [26][28] - CALB positions itself as a stable supplier, while Sunwoda excels in system engineering capabilities [32][34] Future Outlook - The low-altitude economy is transitioning from concept to reality, with the potential for battery manufacturers to become key players in this new market [48][49] - The balance between energy, weight, and safety will be crucial for the success of eVTOL technologies [45][46] - The next decade's growth for automakers may hinge on their ability to adapt to this new "S-curve" of development [47]