西南证券：推动低空经济多路径发展 产业链规模化发展态势清晰

Group 1 - The core focus of the national 14th Five-Year Plan is on accelerating the development of the aerospace and low-altitude economy industries, with approximately 30 provinces and cities incorporating "low-altitude economy" into their plans [1] - Local governments are actively promoting low-altitude economic development, with specific plans from Jiangxi, Jiangsu, Hainan, and Shaanxi highlighting the growth of low-altitude applications and infrastructure [1] - Zero Gravity has secured an order for 66 aircraft models RX1E-A, RX1E-S, and ZG-ONE, aimed at promoting the large-scale application of green aviation products in cultural tourism scenarios [1] Group 2 - High Domain and Southern Test Field have established a national-level flying car test and inspection base, officially recognized at the 2025 World Drone Conference [2] - The Ark80 unmanned aerial system developed by SF Group's Fengyi Technology has received a type certificate from the Civil Aviation Administration of China, marking it as the world's first lift-wing multi-rotor drone to achieve this certification [2] - Changsha has established a low-altitude industry development company and three subsidiaries to manage and implement the city's low-altitude economic development strategy [2] Group 3 - Jianghuai Automobile, Beijing Institute of Technology, and Alter Automotive have officially formed a "Flying Car Joint Laboratory," marking a significant step in low-altitude transportation in Hefei [3] - The Saudi Arabian General Authority of Civil Aviation (GACA) has signed an agreement with Archer Aviation to accelerate the deployment of electric air taxi services nationwide [3]