Farasis Energy(SH:688567) 鑫椤锂电·2025-03-24 07:51Core Viewpoint - The article highlights the significant progress made by Funeng Technology in the low-altitude economy sector, particularly through its recent partnership with Xiaopeng Huitian for the supply of high-pressure power batteries and connectors, marking a key milestone in the company's strategic development [1][2]. Group 1: Company Developments - Funeng Technology received a development notification from Xiaopeng Huitian, indicating its selection as a supplier for next-generation eVTOL battery systems [1]. - The company has been actively engaging with domestic clients such as Shanghai Shidi and Zero Gravity, and has formed strategic partnerships with companies like Geely WoFei to accelerate mass production and delivery [2]. - Funeng Technology has been involved in the eVTOL battery technology development since 2017, with sample deliveries to clients starting in 2020 and mass production deliveries to a leading US low-altitude aircraft client in 2023 [1]. Group 2: Industry Context - Xiaopeng Huitian, part of the Xiaopeng ecosystem, is developing flying cars that can operate both on the ground and in the air, differentiating itself from traditional eVTOLs [2]. - The construction of Xiaopeng Huitian's "land aircraft carrier" manufacturing base in Guangzhou is set to begin in October 2024, with completion expected by the third quarter of 2025, aiming to be the first factory to achieve large-scale production of flying cars using modern assembly lines [2].