Core Insights - EHang Intelligent (EH.US) launched its new autonomous passenger aircraft VT35 in Hefei, with a pre-sale price starting at 6.5 million yuan, which is considered competitive in the market [1] - The VT35 is designed for medium to long-distance air travel, with a range of 200 kilometers, significantly surpassing the previous EH216 series [1] - The company aims to complete the type certification for VT35 by March 2025, with expectations to finalize the certification process within two years [2] Company Developments - EHang has developed a tilt-rotor version of the VT35, but the composite wing version was prioritized due to its more mature technology [2] - The company has received operational certification but is taking a cautious approach to ensure safety and control [2] Industry Trends - XPeng's flying car, known as "land aircraft carrier," has gained significant interest in the Middle East, with 600 units ordered and a total of 7,000 orders to date [3] - The low-altitude economy in China is projected to exceed 1 trillion yuan by 2026, with a market size of 2.5 trillion yuan expected by 2030 [4] - The domestic eVTOL market is anticipated to surpass 200 billion yuan, with specific segments like sightseeing and commuting showing substantial market potential [4] Related Companies - AVIC (02357) is a key player in the aviation high-tech sector, involved in various aviation products and services [5] - XPeng Motors (09868) plans to begin mass production of its flying car in Q4 of this year [5] - GAC Group (02238) aims to lead in integrated transportation solutions, with plans for demonstration operations starting in 2025 [5]