国君机械|Alef试飞飞行汽车Model A,兼具陆地行驶与飞行

Investment Rating - The report suggests a positive outlook for the flying car industry, particularly for Alef Aeronautics' Model A, which has successfully completed testing in urban environments and is expected to accelerate the commercialization of the low-altitude economy [1][2]. Core Insights - Alef Aeronautics' Model A features both land and flight capabilities, resembling a conventional car while also achieving vertical takeoff and landing. It can fly up to 177 kilometers on a full charge and drive 322 kilometers on the ground, marking a significant advancement in transportation technology [1]. - The Model A has received special airworthiness certification from the FAA and has garnered 3,300 pre-orders, indicating strong market interest. The expected production and delivery are set for Q4 2025, with a price of approximately $300,000 (around 2.17 million RMB). The company anticipates that costs will decrease as manufacturing technology matures, making flying cars more accessible to the general public [2]. - Domestic automakers are actively entering the flying car market, with several companies, including XPeng and GAC Group, planning to launch their own models in the coming years. This trend is expected to enhance the technological ecosystem and facilitate the transition of flying cars from concept to commercial application [3].