2026年1月12日消息，彭博社援引知情人士的消息表示，小鹏汽车已聘请银行协助其飞行汽车部门在香 港进行首次公开募股。 知情人士进一步透露，中国电动汽车制造商小鹏汽车已选择摩根大通和摩根士丹利为其上市做准备。由 于信息属于保密范畴，知情人士要求匿名。他们还表示，小鹏汽车已秘密提交上市申请，最早可能在今 年内完成。 图源： 财通社 2024年12月，小鹏汇天创始人、总裁赵德力在接受媒体访谈时曾透露："小鹏汇天未来会有IPO计划， 时间待定。" 小鹏汽车董事长、CEO何小鹏则在2026年1月8日的"2026小鹏全球新品发布会"直播中表示，2026年规模 量产飞行汽车。 此前，小鹏汇天已获得IDG资本、五源资本、小鹏汽车、红杉中国、钟鼎资本、GGV纪源资本、高瓴创 投、云锋基金、星航资本等机构，以及广州开发区控股集团有限公司、广州金融控股集团有限公司、广 州开发区投资集团有限公司等国企的投资。 据公开披露信息，小鹏汇天现已累计融资逾7.5亿美元（约合人民币53.75亿元），是目前国内低空出行 领域融资体量最大的玩家之一。 本次IPO如果能顺利进行，将被视为资本市场对小鹏汇天技术路径及量产能力的进一步认可。 ...

小鹏汇天前身为汇天，早于2013年起航于东莞，小鹏汽车于2020年投资汇天，小鹏汇天随后正式成立， 于2021年完成逾5亿美元A轮融资，2024年再获1.5亿美元B1轮融资。有报道指，该公司已于去年中完成 2.5亿美元的B轮融资。 据报道，小鹏(09868)已秘密为其飞行汽车部门小鹏汇天在香港提交上市申请，目前已聘请摩根大通和 摩根士丹利协助其IPO事宜，有可能最快在今年内完成。 早在去年，便有消息称多家投行受邀参与竞标小鹏汇天在香港或美国的上市辅导工作。 根据小鹏汇天的官网，该公司是小鹏汽车的生态企业，以"全球领先的低空产品创造者"为愿景，以"让 飞行更自由"为使命，透过核心技术的自研革新与运用，致力于为用户打造安全、智能的飞行汽车等低 空出行产品，逐步解决个人飞行、空中通勤、公共服务等需求，推进低空出行方式，让人快速移动变 革，让人带来人捷带来的自由式飞行。 小鹏汇天的分体式飞行汽车"陆地航母"于2024年首次公开飞行，2025年海外首秀，早前该公司创始人赵 德力接受媒体群访时表示，目前"陆地航母"已获约5000台订单，公司计划2027年布局海外市场。 ...

Core Viewpoint - Xiaopeng Motors has secretly submitted an IPO application for its flying car division, Xiaopeng Huitian, in Hong Kong, with plans to potentially complete the listing by the end of this year [1] Group 1: Company Overview - Xiaopeng Huitian is a subsidiary of Xiaopeng Motors, aiming to be a "global leader in low-altitude products" and focusing on making flying more accessible [1] - The company was established after Xiaopeng Motors invested in Huitian in 2020, which originally started in Dongguan in 2013 [1] Group 2: Financial Background - Xiaopeng Huitian completed over $500 million in Series A financing in 2021 and secured an additional $150 million in Series B1 financing in 2024 [1] - Reports indicate that the company completed $250 million in Series B financing last year [1] Group 3: Product Development - The company's split-type flying car, referred to as "Land Aircraft Carrier," is set for its first public flight in 2024 and will debut overseas in 2025 [1] - Xiaopeng Huitian has received approximately 5,000 orders for the "Land Aircraft Carrier" and plans to expand into overseas markets by 2027 [1]

在供应链层面，高域依托广汽集团的智能制造体系与规模化量产能力，深度融合进航空安全标准，打造 出了"汽车+航空"的IPD范式。这一模式不仅以航空级安全标准提升了车规供应链的可靠性，同时以汽 车工业的规模化生产经验赋能航空制造。这不仅大幅提升了产品的一致性与可靠性，也显著降低了制造 成本，为飞行汽车未来的规模化交付与市场化普及构筑了坚实根基。 粤港澳大湾区作为我国重要的先进制造业集聚区，为低空经济发展提供了多层次、高价值的试验场，孕 育出一批又一批科技企业，推动低空经济从"概念蓝图"迈向"体系落地"。 由广汽集团孵化的低空出行科技企业，广东高域科技有限公司（以下简称"高域科技"或"公司"）凭借整 车研发、规模化量产与供应链整合的深厚积淀，致力于实现低空出行的科技平权，让经济、安全、便捷 的空中交通服务惠及大众。 高域科技已构建起了涵盖飞行汽车整机研发、生产、销售、服务为一体的低空出行体系。公司从用户价 值出发，发布了三款不同构型的产品，形成了覆盖eVTOL的所有终端场景的解决方案。陆空两用AirCar 与多旋翼AirCab可满足30公里以内的短途跨越式出行，旨在打通区域内的"经济孤岛"，解决特定场景下 的快速通达 ...

"汽车产业链赋能低空产业链的愿景照进现实，这是今年长沙国际车展传递的信号。一些车企布局并发 布了'短途多旋翼+跨城复合翼'的低空出行产品矩阵，旨在实现空地联运的立体出行新方式。"湖南一家 高端新能源汽车品牌销售经理向芸芸说，中国车企研发的量产级飞行汽车主要聚焦观光旅游、短途跨越 式出行和城际出行，也积极探索飞行汽车在文旅观光、应急救援、物流配送等领域的应用场景。 长沙国际车展素有"中部车市风向标"之称，见证了中国车市的高速发展。今年长沙国际车展聚焦电动 化、智能化新趋势，吸引了全球70余个汽车品牌近千款车型参展，21款新车华中首秀，全方位展现了汽 车行业的变革与发展方向。 12月10日至15日举行的第二十一届中国(长沙)国际汽车博览会(简称"长沙国际车展")已收官。记者16日 从组委会获悉，今年长沙国际车展中，"飞行汽车"关注度最高，现场订单不断，很多中国车企已加速布 局研发。 业内人士称，中国新能源与智能网联汽车工业的发展，使飞行汽车行业实现"换道超车"成为可能， 但"飞行汽车"要飞起来、飞得好、飞得顺畅，还需破解能源、效率和空域放开挑战，噪音也是一道需要 跨过的障碍。 小鹏汇天"陆地航母"分体式飞行汽车平 ...

Group 1 - The article emphasizes the importance of popularizing scientific knowledge and promoting scientific spirit to enhance the overall scientific literacy of the population, contributing to the goal of achieving high-level technological self-reliance and strength in China [1] - A collaborative initiative between the China Association for Science and Technology and People's Daily is highlighted, focusing on key national science and technology strategies, significant scientific awards, and critical core technologies [1] - The initiative aims to conduct in-depth interviews and research at the grassroots level, producing engaging and high-quality scientific popularization content to promote the spirit of scientists and gather momentum for building a technologically strong nation [1] Group 2 - In Hefei, Anhui, a group of innovators is working on expanding commuting dimensions by bringing the concept of "flying cars" from science fiction into the low-altitude travel sector, specifically between 100 meters and 1000 meters [3] - This development marks the beginning of a revolution in "low-altitude travel," indicating a significant shift in transportation technology [3] - The article invites readers to explore the entire process of the emergence of "air taxis," showcasing advancements in this innovative field [3]

Core Viewpoint - The eighth China International Import Expo showcased a variety of new mobility products and innovative technologies, highlighting a diverse and multi-dimensional future of transportation [2][4][6][8][16]. Group 1: New Mobility Products - A range of new mobility solutions was presented, including smart driving technologies, low-altitude travel options, and human-centered designs [2][4][6][8][16]. - Notable exhibits included electric vertical take-off and landing (eVTOL) aircraft, showcasing advancements in urban air mobility [2][15][20]. Group 2: Innovative Technologies - Innovations such as wheeled exoskeleton robots designed to enhance walking speed were featured, indicating a focus on assistive technologies [4]. - Vehicles equipped with electric lift and rotating seats were displayed, aimed at improving accessibility for individuals with disabilities [6]. Group 3: Industry Trends - The expo reflects a growing trend towards integrating renewable energy solutions in transportation, emphasizing sustainability [2][4][16]. - The presence of major automotive brands like Tesla and Toyota indicates a competitive landscape focused on innovation in the automotive sector [8][6].

Core Insights - The eighth China International Import Expo showcases the burgeoning low-altitude economy, which has been included in the "14th Five-Year Plan" as a strategic emerging industry [1][2] - The event highlights new collaborations and orders in the low-altitude transportation sector, particularly with eVTOL (electric Vertical Take-Off and Landing) aircraft [2][8] Industry Developments - Multiple low-altitude economy companies presented eVTOL models, with Tianling Technology showcasing a hybrid eVTOL capable of a maximum range of 600 kilometers and a cruising speed of 360 kilometers per hour [2][3] - The event featured advancements in low-altitude travel technology, with companies like Wolant and Yufeng Future demonstrating upgraded models and signing multiple cooperation agreements [3][6] Market Opportunities - Wolant secured 30 orders from a Dubai-based aviation finance company, while Yufeng Future received 100 orders from Saudi Arabia for low-altitude cargo and offshore energy transport [8][10] - The increasing interest from international audiences, including those from France, South Korea, and Malaysia, indicates a growing global market for Chinese low-altitude products [3][4] Strategic Collaborations - Wolant and Shenzhou Car Rental formed a strategic partnership to explore autonomous driving technologies, aiming to integrate low-altitude and ground transportation [7] - The "Air Silk Road Global Navigation Partner Program" was launched to foster global cooperation in building a future-oriented low-altitude travel network [6] Competitive Landscape - The eVTOL sector is characterized by high technological content and intense competition, with Chinese manufacturers demonstrating significant appeal in the global market [8][10] - Chinese brands are gaining traction internationally, not solely based on pricing but also on the quality and innovation of their products [10]

Core Insights - Xiaopeng Motors is developing two flight systems for low-altitude travel, including a personal land carrier and a multi-passenger hybrid electric flying car named "A868" [1] Group 1: Product Development - The "A868" flying car features a tilt-rotor design and is based on Xiaopeng's Kunpeng super-range architecture, utilizing self-developed aviation-grade hybrid technology [1] - The "A868" is expected to achieve a range of 500 kilometers and a maximum speed of 360 kilometers per hour, with a six-seat cabin designed to meet business travel needs [1] - The "A868" has entered a critical phase of flight verification [1]

Core Insights - The 45th Gulf Information Technology Exhibition held in Dubai showcased China's "intelligent manufacturing" with a strong focus on innovations in artificial intelligence, low-altitude travel, and digital governance [1][2] - The event attracted over 6,800 tech companies and 2,000 startups from more than 180 countries, including over 300 Chinese tech firms [1] Group 1: Chinese Technology Companies - Chinese flying car companies, such as Xiaopeng Heavens and GAC Group's GAC High Domain, displayed advanced flying vehicles, indicating a growing interest in low-altitude economy in the Middle East [1] - The founder of Xiaopeng Heavens noted that the transformation wave in the Middle East presents valuable opportunities for Chinese tech companies to expand and collaborate [1] - GAC High Domain's PR director mentioned that the Gulf Information Technology Exhibition is becoming a significant platform for Chinese companies to showcase their "intelligent manufacturing" capabilities [1] Group 2: Collaborations and Partnerships - ZTE signed a memorandum of cooperation with the UAE telecom company to enhance collaboration in establishing smart green electricity zero-carbon telecom infrastructure and optimizing energy management [2] - Nearly 30 tech companies from Beijing's Haidian District participated in the exhibition, covering sectors like artificial intelligence, digital healthcare, and emerging technologies [2] - China Mobile International's regional manager highlighted the company's commitment to enhancing services for "going out" enterprises and deepening cooperation with local UAE businesses to support digital transformation and economic development [2]