电力设备行业周报：低空经济行业周报（12月第3周）：广汽集团发布第二代飞行汽车，上海低空产业发展公司成立

Investment Rating - The industry investment rating is "Positive" [6] Core Insights - The low-altitude economy is experiencing a vertical landing from macro (national industrial planning, airspace management) to meso (local subsidies) and micro (infrastructure bidding, application scenario creation) levels, indicating a promising future for the sector [2][35] - GAC Group launched its second-generation flying car, GOVY AirJet, which can achieve a range of 200 kilometers and supports 30 minutes of rapid recharging, with plans to use self-developed all-solid-state batteries for a future range of 400 kilometers [2][35] - Changan Automobile signed a strategic cooperation agreement with EHang Intelligent, planning to invest over 20 billion yuan in the low-altitude economy over the next five years and over 100 billion yuan in the next ten years to explore integrated transportation solutions [2][29] Summary by Sections Industry Dynamics - The Ministry of Transport issued the "General Airport Management Regulations," which aim to relax management for general airports with minimal public interest impact [2][51] - Shanghai Low Altitude Economic Industry Development Company was established to accelerate infrastructure development in Shanghai [2][25] - The "Shandong Province Low Altitude Economic Industry Technology Innovation Action Plan (2025-2027)" was released, focusing on developing innovative products such as heavy-load long-endurance drones and low-altitude flying vehicles [2][52] Company Developments - GAC Group's GOVY AirJet was officially launched, with plans for a new technology company to focus on low-altitude economic business and certification for flying cars expected to start in 2025 [2][28][53] - Changan Automobile and EHang Intelligent's collaboration aims to develop competitive flying car products and explore the establishment of a joint venture for future mobility technology [2][29] Market Performance - The average decline of low-altitude economy-related stocks was 3.3% from December 16 to December 21, with the top gainers being Haopeng Technology (+11.2%) and Yunlu Co. (+8.9%) [3][34] - The report recommends focusing on three segments of the low-altitude economy: manufacturing (e.g., Wanfu Aowei, Zongshen Power), infrastructure (e.g., Lais Information, Deep City Transportation), and operations (e.g., CITIC Heli, Xiyu Tourism) [2][35]