低空经济行业双周报：天津、南京低空服务平台上线，广汽高域GOVYAirCab新品发布-20250622

Investment Rating - The report maintains an "Outperform" rating for the low-altitude economy industry [1]. Core Insights - The low-altitude economy sector is experiencing accelerated development, with significant policy support and emerging applications in logistics and tourism. Major manufacturers are seeing an increase in orders, indicating a trend towards large-scale industrial growth [6][18][19]. Summary by Sections Market Review - From June 9 to June 22, the low-altitude economy sector underperformed the market, with the Wind Low Altitude Economy Index declining by 3.01%, lagging behind the Shanghai Composite Index by 2.26 percentage points [12]. Policy Dynamics - On June 12, the State Council introduced policies to promote the low-altitude economy in Shenzhen, focusing on AI and low-altitude services as strategic emerging industries. The city has opened nearly 300 drone routes and completed over 1.7 million cargo flights [18]. - Chengdu's government released 14 measures to enhance low-altitude flight capabilities and market development, effective for three years [19]. - Tenjin and Nanjing have launched low-altitude flight service platforms to support flight safety and application exploration [23][24]. Industry Developments - GAC's GOVY AirCab, a flying car, was officially launched on June 12, with a price not exceeding 1.68 million RMB, targeting low-altitude tourism applications [21]. - EHang signed strategic partnerships to promote eVTOL applications in cold regions and Latin America, enhancing its operational capabilities [27][28]. - A joint venture between WoFei and Wolong Electric Drive aims to develop high-performance motors for eVTOLs, addressing key technical challenges in electric aviation [30]. - YTO Express established a drone company to enhance logistics automation, marking a significant step in integrating drone technology into logistics [37].