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 report maintains a positive investment rating for the low-altitude economy sector [17]. Core Insights - The low-altitude economy is experiencing significant development, driven by national policies and local initiatives, with a focus on infrastructure and application scenarios [44]. - The establishment of the Shanghai Low-altitude Industry Development Company aims to enhance the construction of low-altitude economic facilities and attract social capital investment [31]. - The report highlights the launch of the second-generation flying car by GAC Group, which can achieve a range of 200 kilometers and is expected to reach 400 kilometers with future battery technology [44]. Summary by Sections Industry Review - The low-altitude economy sector has seen a recent average decline of 3.3% in related stocks, with notable performers including Haopeng Technology (+11.2%) and Yunlu Co. (+8.9%) [2][26]. - The Ministry of Transport issued new regulations to ease the management of general airports, promoting the development of low-altitude infrastructure [13][31]. Company Developments - GAC Group announced the launch of its new flying car brand "GOVY" and plans to establish a technology company focused on low-altitude economy [49]. - Changan Automobile signed a strategic cooperation agreement with EHang Intelligent, committing over 200 billion yuan to the low-altitude economy over the next five years [50]. Industry Dynamics - The AAM Reality Index and AAM Infrastructure Index were released, with EHang Intelligent ranking first among Chinese eVTOL companies [34]. - The Shandong Province's action plan for low-altitude economic innovation aims to develop over 400 smart low-altitude facilities by 2027 [48].