Core Insights - Didi Chuxing has established a new subsidiary, Beijing Didi Low Altitude Technology Co., Ltd., indicating its strategic entry into the low-altitude economy sector [1] - The establishment of this company may be a defensive move to secure a position in the emerging low-altitude transportation market, especially as competitors like Cao Cao Mobility are already making strides in this area [1][2] - The low-altitude economy is expected to evolve with various applications, starting from tourism and urban sightseeing to emergency rescue and air commuting, ultimately leading to the realization of "air taxis" [2] Company Developments - Beijing Didi Low Altitude Technology Co., Ltd. is fully owned by Beijing Xiaoju Technology Group, the parent company of Didi Chuxing, with Chen Kai as the legal representative [1] - Didi's entry into the low-altitude sector comes as other companies, such as Cao Cao Mobility, have already begun developing their own low-altitude transportation services [1][2] Industry Trends - The low-altitude version of "Didi" is seen as a crucial player in connecting aircraft operators, service providers, and end-users, which is essential for the commercialization of the low-altitude economy [2] - The industry consensus suggests that the rollout of eVTOL (electric Vertical Take-Off and Landing) applications will progress from remote areas to densely populated regions, and from low-frequency to high-frequency scenarios [2] - Several regions have announced their own low-altitude "Didi" platforms, such as the "Low Altitude Smart Travel" service platform in Mianyang and the "Jinan Low Altitude" app, which aim to simplify low-altitude travel similar to traditional ride-hailing services [3]