产业应用篇 飞行汽车应用场景呈现专业化与大众化双线并行推进特征 飞行汽车的应用场景落地呈现出"专业化应用场景与大众化应用场景双线并行推进"的特征，两大场景协同发力，既筑牢产业发展的刚需基础，又拓宽产业 增长的市场空间，推动飞行汽车从概念走向现实。一方面，专业化应用以公共安全与行业效率提升为核心，从满足刚需场景逐步向具备经济可持续性的增 值型行业应用场景拓展。当前，专业化场景已在应急救援、消防灭火、电力巡检、医疗转运等领域实现试点落地，例如在偏远山区或交通拥堵区域的紧急 医疗转运中，飞行汽车可快速突破地形与道路限制，将急救物资或伤员高效转运至目标地点，大幅缩短救援时间；在电力巡检领域，飞行汽车可搭载高清 摄像头与检测设备，替代人工完成长距离、高风险的线路巡检，提升巡检效率与安全性。随着技术成熟，专业化应用正逐步向物流运输、低空观光等增值 场景延伸，形成多元化的行业应用矩阵。 另一方面，大众化应用以出行体验优化与交通体系补充为目标，逐步融入城市综合交通系统，推动应用从示范体验走向规模化运营，融入城市交通网络。 近年来，国内多地已开展大众化场景示范运营，2026年广州天河迎春花市期间，小鹏汇天陆地航母飞行汽车以新春 ...

Core Viewpoint - The article highlights the significant advancements and strategic developments of Volocopter, particularly following its restructuring by WanFeng Group, showcasing its eVTOL aircraft and the future of urban air mobility (UAM) in China [1][29]. Group 1: Product Launch and Achievements - The VoloXpro eVTOL aircraft received a special flight permit from the Civil Aviation Administration of China, marking a key step in its commercial journey [3]. - Volocopter's VoloXpro, a two-seat, 18-rotor aircraft, has achieved over 2,000 test flights across more than 20 countries since its first public manned flight in Singapore in 2019 [3][7]. - The company showcased its full product lineup, including VoloCity, VoloRegion, and VoloXpro, at the 2025 Asian General Aviation Exhibition, emphasizing its leadership in the low-altitude economy [1][6]. Group 2: Strategic Partnerships and Collaborations - Volocopter has formed strategic partnerships, including with the German Air Rescue Service to integrate VoloCity into emergency medical services, and with Euro Flight Test to establish a standardized pilot training system for eVTOLs [6][7]. - The collaboration with Microsoft aims to develop the VoloIQ aviation cloud system, enhancing the connectivity and operational efficiency of the UAM ecosystem [27]. Group 3: Business Model and Market Position - Volocopter is positioned as a pioneer in the UAM sector, offering a comprehensive service portfolio that includes urban air taxi services, intercity transport, and cargo delivery solutions [20][29]. - The company has developed a unique ecosystem that integrates aircraft manufacturing with smart systems and landing facilities, aiming to redefine urban transportation [13][30]. Group 4: Future Outlook and Expansion Plans - WanFeng Group's restructuring of Volocopter is seen as a strategic move to accelerate the commercialization of eVTOL technology, with plans to introduce core models like VoloXpro and VoloCity to the Chinese market [29][37]. - The integration of Volocopter's advanced technologies with WanFeng's manufacturing capabilities is expected to facilitate the rapid scaling of eVTOL operations globally [30][34].

万丰集团自2015年正式布局通用航空产业以来，持续推进"改变人类出行方式"的战略目标。集团相继收 购加拿大、奥地利钻石飞机公司，投资百亿建设万丰航空小镇，打造国家级通航产业综合示范区。今年 3月完成对德国eVTOL先驱企业Volocopter的战略重组，加速进入城市空中交通（UAM）赛道，为绿色 智能航空提供更具前瞻性的解决方案。 （原标题：万丰钻石飞机亮相2025亚洲通用航空展 全球化布局引领低空经济新未来） 11月27日，2025亚洲通用航空展在珠海国际航展中心盛大开幕，万丰携钻石飞机多款明星机型及 Volocopter eVTOL阵容重磅亮相，以系统化的技术成果与前瞻布局，全面展示其在通用航空和低空经济 领域的全球领先实力。 深耕十年 通航布局全面跃升 在研发制造方面，万丰整合Diamond与Volocopter两大国际品牌的技术优势，已完全掌握7个系列25款机 型与4款航空发动机 的自主知识产权，形成了覆盖通勤飞行、城市空中交通、培训教学、应急救援、旅 游观光等多场景的飞行器家族。 同时，万丰围绕"整机制造+核心零部件+机场管理+通航运营+航校培训+低空保障+航空运动"构建完整 的航空产业链，是目前全 ...

Group 1 - The company reported a year-on-year increase in net profit attributable to shareholders in its Q3 2025 report, with a net profit of 730 million yuan, up 29.4% year-on-year [2] - The company achieved a revenue of 11.42 billion yuan in the first three quarters of 2025, reflecting a 0.4% year-on-year growth [2] - The gross margin for Q3 2025 was 15.3%, a decrease of 0.4 percentage points year-on-year, while the net margin improved to 6.6%, an increase of 1.2 percentage points year-on-year [2] Group 2 - The "14th Five-Year Plan" includes low-altitude economy as a "strategic emerging industry cluster," aiming to foster new and future industries [3] - The plan emphasizes the development of strategic emerging industries such as new energy, new materials, aerospace, and low-altitude economy, which is expected to benefit the company's general aviation aircraft business [3] Group 3 - The company is actively integrating resources from Volocopter, with the TC certification for its manned eVTOL products expected soon [4] - The company aims to provide eVTOL solutions for both passenger and cargo transport within a range of 300 kilometers, with the Volocopter 2X and VoloCity models leading the certification process [4] - The VoloCity model is designed to meet stringent EASA standards and is currently undergoing TC certification [4]

Core Insights - Chinese flying car startup EHang has demonstrated its technology with a recent flight in Guangzhou, becoming the first globally to receive regulatory approval for urban sightseeing and flight experience operations [1] - The flying car industry in China is considered the most advanced globally, supported by battery advantages and government policies, despite facing regulatory and safety challenges [1][2] - Analysts predict that the global urban air mobility market could reach nearly $24 billion by 2030, a significant increase from approximately $5 billion last year [1] Industry Developments - China has established dedicated agencies to promote the development of flying cars, with local governments investing in infrastructure [2] - Shenzhen plans to build over 1,200 takeoff and landing points for low-altitude aircraft by next year, while Guangzhou has committed over 10 billion RMB to low-altitude infrastructure by 2027 [2] - Increased government support has led to a significant rise in financing for flying car startups, with more investments flowing into the sector [2] Competitive Landscape - Chinese manufacturers are competing globally, but many international startups, such as Lilium and Volocopter, have faced bankruptcy [2] - A key advantage for Chinese manufacturers is pricing, with flying cars potentially costing around 2 million RMB, making them more accessible compared to traditional helicopters priced at about $5 million [2] - Despite showcasing the capability to develop practical flying vehicles, experts warn that large-scale application will take several more years [2]

Group 1 - Supernal, a subsidiary of Hyundai Motor, has suspended its eVTOL project after significant investment, totaling over $1.4 billion (approximately 10 billion RMB) [1][8][12] - The company was founded with high expectations, including partnerships with Uber and ambitious plans for urban air mobility [5][8] - Despite initial success and a growing workforce, Supernal faced challenges, including management turnover and external industry pressures, leading to its current crisis [9][10][11] Group 2 - The eVTOL industry is experiencing a broader shakeout, with other companies like Lilium and Volocopter also facing bankruptcy due to similar challenges [11][12] - Investment in the eVTOL sector has cooled significantly, with only a few notable funding rounds in 2023, indicating a shift in investor sentiment [12][14] - The future of the eVTOL industry in China remains uncertain, with potential opportunities tempered by significant technological and regulatory hurdles [14][15]

Core Viewpoint - The article discusses the downfall of Supernal, a subsidiary of Hyundai Motor Company focused on eVTOL (electric vertical takeoff and landing) technology, highlighting the challenges faced by the company and the broader implications for the eVTOL industry [3][4][10]. Group 1: Company Background and Ambitions - Supernal was established under the leadership of CEO Shin Jai-won, a former NASA executive, with significant investments from Hyundai, totaling approximately $1.45 billion [5][9]. - The company aimed to create a comprehensive urban air mobility ecosystem, including the design and sale of eVTOL aircraft, and planned to open around 200 vertical takeoff and landing airports in major cities worldwide [6][8]. Group 2: Challenges and Setbacks - Supernal faced significant challenges, including the closure of its Washington headquarters and a 10% workforce reduction, leading to a near-total turnover in its management team [11][12]. - The company attributed its suspension of operations to the early-stage development of the eVTOL industry, citing external challenges such as regulatory frameworks and infrastructure development [11][13]. Group 3: Industry Implications - The struggles of Supernal reflect a broader trend in the eVTOL sector, with other companies like Lilium and Volocopter also facing financial difficulties and bankruptcy [15][16]. - Investment in the eVTOL industry has cooled significantly, with only 15 disclosed financing events in the first half of the year, and the largest being $250 million for XPeng Heitech [16][17]. - The article emphasizes the need for caution and a long-term perspective in the eVTOL industry, as it remains in the early stages of development and faces numerous technical and regulatory hurdles [16][17].

Group 1 - The 2025 World Intelligent Industry Expo was held in Chongqing, showcasing the VoloCity eVTOL aircraft from WanFeng, marking its first appearance in China [1][3] - VoloCity is a two-seat, 18-rotor eVTOL aircraft with a maximum speed of 110 km/h, recognized as the world's first electric air taxi certified by EASA [3] - The aircraft features multiple redundancy systems for safety, noise levels only a quarter of that of small helicopters, and an advanced autonomous driving and flight control system [3] Group 2 - WanFeng completed the strategic restructuring of Volocopter in 2025, establishing a global presence with seven aircraft manufacturing plants, three flight training bases, and 192 service centers across 90 countries [3][4] - The debut of VoloCity signifies a critical step in WanFeng's strategic layout in low-altitude transportation, with plans for a comprehensive product matrix including general fixed-wing aircraft, eVTOLs, and drones [4]

Group 1 - The World Intelligent Industry Expo 2025 was held in Chongqing, showcasing the VoloCity eVTOL aircraft from WanFeng Aowei, marking its first appearance in China [1] - VoloCity is a two-seat, 18-rotor eVTOL aircraft with a maximum speed of 110 km/h, having received both manned and unmanned flight permits, and is the first electric air taxi to be certified by EASA [1] - The aircraft features multiple redundancy systems for safety, operates at a noise level that is one-fourth of a small helicopter, and includes an autonomous flight control system powered by rechargeable batteries [1] Group 2 - WanFeng Aowei aims to transform human mobility by creating a comprehensive general aviation and low-altitude economy industry cluster, including fixed-wing aircraft, eVTOLs, and drones [2] - The company has established seven aircraft manufacturing plants, three flight training bases, and 192 service centers across 90 countries, positioning itself as a leader in the global general aviation sector [2] - WanFeng Aowei plays a significant role in industry standards and is involved in various aviation associations, enhancing its influence in the sector [2] Group 3 - The company is committed to building a smart, safe, efficient, and green urban air transportation ecosystem, leveraging technological innovation to lead significant changes in mobility [3] - In 2025, WanFeng Aowei completed the strategic restructuring of Volocopter, accelerating the development of green and intelligent aviation technologies [3] Group 4 - Volocopter, founded in 2007, is a pioneer in eVTOL development and the first to receive a manned flight license from EASA, with its core models entering certification stages [4] - The company offers a range of products including VoloXpro, VoloCity, VoloRegion, and VoloDrone, catering to various transportation needs [4] - Volocopter's operations are supported by its VoloIQ intelligent system, enabling comprehensive management of flight operations and safety monitoring [4] Group 5 - The domestic debut of VoloCity signifies a crucial step in WanFeng Aowei's strategic positioning in low-altitude transportation, integrating Volocopter's technology with its own manufacturing and operational expertise [5] - The company aims to promote the application of eVTOLs across diverse scenarios, contributing to the development of a sustainable urban low-altitude transportation network [5]

Group 1 - The 2025 World Intelligent Industry Expo was held in Chongqing, showcasing the VoloCity eVTOL aircraft from WanFeng Aowei, marking its first appearance in China [2] - VoloCity is a two-seat, 18-rotor eVTOL aircraft with a maximum speed of 110 km/h, having received both manned and unmanned flight permits [2] - VoloCity is the world's first electric air taxi to receive EASA certification, excelling in safety, noise reduction, intelligence, and energy sustainability [2] Group 2 - WanFeng Aowei aims to transform human mobility by creating a comprehensive general aviation and low-altitude economy industry cluster, including fixed-wing aircraft, eVTOLs, and drones [3] - The company has established a global presence with seven aircraft manufacturing plants, three flight training bases, and 192 service centers across 90 countries [3] - WanFeng Aowei plays a significant role in industry standards as a member of various aviation committees and associations [3] Group 3 - The company is committed to building a smart, safe, efficient, and green urban air traffic ecosystem, leveraging technological innovation [4] - Volocopter, founded in 2007, is a pioneer in eVTOL development and the first to obtain a manned flight license from EASA [4] - Volocopter's product line includes VoloXpro, VoloCity, VoloRegion, and VoloDrone, catering to diverse scenarios such as passenger transport and air cargo [4] Group 4 - The acquisition of Volocopter's assets and intellectual property was completed in March, enhancing WanFeng Aowei's strategic positioning in low-altitude transportation [5] - The debut of VoloCity signifies a critical step in the company's strategic layout in the low-altitude traffic sector [5] - WanFeng Aowei aims to integrate Volocopter's technology with its own manufacturing and operational expertise to promote the application of eVTOLs in various scenarios [5]