Core Insights - Shanghai is developing a high-quality low-altitude economy industry, aiming for a core industry scale exceeding 50 billion yuan by 2027 [1] - Financial institutions in Shanghai are enhancing support for the low-altitude economy through diverse financial products, particularly for electric vertical takeoff and landing (eVTOL) aircraft [1][2] Financial Support Initiatives - The Shanghai Municipal Government has introduced policies to strengthen financial support for the low-altitude economy, including increasing funding for industrial transformation and attracting social and state capital [2] - Yangpu District is guiding state-owned enterprises and social capital to establish early-stage investment funds focused on incubators and high-quality low-altitude economy companies [2] - Jinshan District has set up a special fund for the low-altitude economy and is collaborating with banks to provide a credit limit of 10 billion yuan for new productivity development loans [2] Strategic Partnerships - Financial leasing companies are actively engaging in the low-altitude economy, with significant agreements such as a strategic partnership between Puyin Financial Leasing and Shanghai Fengfei Aviation Technology for 100 eVTOL aircraft [3] - China Bank Leasing has also signed an intention agreement for 100 E20 eVTOL aircraft with Shanghai Shide Technology [3] Company Innovations and Challenges - Shanghai Volant Aviation Technology has developed the VE25-100 eVTOL, which is the largest known manned eVTOL by takeoff weight and cabin space [4] - Traditional bank credit systems have posed challenges for innovative companies like Volant, but Shanghai banks are adapting their evaluation criteria to support such enterprises [4] - Shanghai Shide Technology is expanding its operations and has received cross-border financial service support from China Bank [5] Industry Growth and Financial Solutions - The electric drive industry related to eVTOLs is expected to grow significantly, with companies like Shanghai Yiweike Electric Technology facing cash flow challenges due to payment cycles [6] - Shanghai Bank has provided credit support to Yiweike, facilitating its product development and market expansion [6] - Shanghai Liontail Intelligent Technology has received entrepreneurial guarantee loans from Shanghai Bank to overcome funding difficulties during its product development phase [7] - China Bank has also supported Qianxun Positioning Network in its core technology development with a comprehensive financial service system [7]