如果要问，当下全球最值得我们关注和投资的新兴技术领域是什么，低空经济一定榜上有名，且必名列前茅。 近日，吉利科技集团旗下eVTOL（electric Vertical Take-off and Landing，即电动垂直起降飞行器）公司沃飞长空宣布完成数亿元C轮融资。本轮融资由杭州市政府 直属的国有全资大型投资集团杭实集团、世界最大的石油化工企业沙特阿美公司旗下风投基金Prosperity7Ventures（P7）等共同领投，老股东追加投资。 更早前，另一家国内的eVTOL公司时的科技宣布完成3亿元人民币B++轮融资，这是该公司今年内完成的第二轮融资，累计第七轮。 这些消息背后，是低空经济正从概念蓝图，加速蜕变成实体产业并落地开花的结果。 低空经济是新质生产力的代表，自2024年被首次写入政府工作报告以来，全国已有30个省份在政府工作报告中部署低空经济相关工作。从"审批难、空域划分模 糊"到"精细化管理"，从"单一业态"到"国家综合立体交通网"，国家正以"全国一盘棋"思路编制低空经济发展"十五五"相关规划，各政府部门为打通低空经济"飞得 起来、飞得顺畅"的关键堵点，竞逐形成"特色化落地模式"，为产业发展按下加 ...

西南证券近日发布低空经济行业双周报：本期（11月24日-12月7日）低空经济板块跑赢大盘。万得低空 经济指数上涨5.46%，跑赢上证指数3.69个百分点，跑赢沪深300指数2.52个百分点，跑输创业板指1.02 个百分点；国证通用航空指数上涨6.40%，跑赢上证指数4.63个百分点，跑赢沪深300指数3.46个百分 点，跑输创业板指0.08个百分点。 沃飞长空与华龙航空正式签署50架AE200认购协议。双方在此前100架意向订单的基础上，签署了50架 确认性订单，并进一步明确了后续AE200系列交付计划，标志着双方共同倡导的"eVTOL+公务机"创新 出行模式即将进入规模化交付与商业化运营的全新阶段。沃飞长空与深城交达成战略合作。双方将围绕 eVTOL飞行器采购、起降设施规划、运营场景开发等领域展开深度合作，共同推动低空交通迈向规模 化运营。 零重力飞机工业战略投资祥源通航。核心目标为打通"造机"与"用机"的产业壁垒，构建制造端硬核实力 与运营端场景资源深度协同的产业新范式，既是新能源航空器产业链"制造+运营"协同发展的重要实 践，更为低空经济的商业化落地注入强劲动能。零重力飞机工业与巴西SAFE航空学院正式 ...

来源：连线Insight "低空领域投资的不是一架飞行器，而是一座城市、一个地区的未来出行生态。"业内人士如是说，这句话精准概括了当下资本审视低空经济的视角变化。 投资不再只是为技术梦想买单，而是为一份可确定的商业化蓝图买单。 在沃飞长空身上，这份确定性由四个关键维度共同构建： 对比去年融资官宣的密集态势，今年低空经济行业的融资节奏已趋于审慎，市场呈现"整体高热、头部集中、逻辑生变"的鲜明特征。 近日，沃飞长空宣布获得最新一轮数亿元C轮融资。领投方不是追求高风险的早期风投，而是杭州实业投资集团、Prosperity7 Ventures（P7）和松禾资本 这类兼具产业资源与全球视野的战略资本时，一个清晰的信号被释放出来—— 低空经济的投资逻辑已发生根本性转变：资本市场正在抛弃对遥远技术愿景的幻想，转而用真金白银，为那些已清晰勾勒出商业闭环、并能展示可验证路 径的公司投票。 投资逻辑：从"仰望星空"到"俯身算账" 本次C轮融资的出资方结构本身，就是一份典型的风险对冲与价值赋能组合。三方资本并非简单的财务投资叠加，而是各司其职，构建了一个覆盖短、 中、长期发展需求的金三角组合。 第一，可预期的监管通过。AE200已 ...

Core Insights - Sichuan Province announced the establishment of a government-led investment fund for the low-altitude economy, joining over 15 provinces that have initiated similar funds since 2024, with a total scale exceeding 1 trillion yuan [1][3] Group 1: Fund Establishment and Investment - The newly formed low-altitude economic investment fund in Sichuan is a collaboration involving the provincial advanced manufacturing guiding fund and multiple institutions [1][3] - The Sichuan advanced manufacturing guiding fund has signed agreements with various partners to establish the low-altitude economic investment fund, focusing on the aerospace sector [3][4] - The first low-altitude economic fund in Sichuan, established in April 2023, targets eVTOL aircraft manufacturing and involves several key stakeholders [4] Group 2: National Fund Overview - Nationwide, low-altitude economic funds exhibit diverse development models and scales, with eastern coastal regions like Guangdong and Jiangsu establishing large-scale funds exceeding 10 billion yuan [6] - Central provinces such as Jiangxi and Shanxi have set up specialized funds ranging from 5 billion to 10 billion yuan, focusing on local resource utilization [6][7] - Western regions, including Sichuan and Guizhou, have established funds between 1 billion to 5 billion yuan, emphasizing local industry integration and application scenarios [7]

Core Insights - The "2025 Sichuan Low Altitude Economic Industry Chain Ecological Conference" aims to establish a collaborative platform for supply and demand in the low-altitude economy sector, gathering representatives from 293 enterprises, 14 investment institutions, and 31 academic institutions [1][3] - The conference showcased over 200 "Sichuan-made" products across the entire low-altitude economic industry chain, highlighting the province's capabilities from research and development to manufacturing and application [3][5] Industry Developments - A comprehensive list of 100 typical application scenarios, 408 products from 173 enterprises, and 201 services from 64 companies was released to facilitate resource matching and cooperation in the low-altitude economy [5][7] - The establishment of the "Low Altitude Security Standard System Construction Guide" marks a significant milestone in the standardization process of the low-altitude economy in China [7] Investment and Economic Impact - The conference led to the signing of 19 projects related to industry attraction, investment funds, and product orders, with over 50 key enterprises from outside Sichuan entering the province, resulting in a total investment exceeding 50 billion [7][9] - The formation of a new Sichuan Low Altitude Economic Industry Research Institute aims to support innovation and development across the entire low-altitude economic chain [9]

Core Viewpoint - The article highlights the rapid advancements and strategic initiatives of WoFei ChangKong in the low-altitude economy, particularly focusing on the AE200-100 eVTOL aircraft and its implications for the future of urban air mobility in China [1][4][10]. Group 1: Product Development - The AE200-100 is a six-seat electric vertical takeoff and landing aircraft with a maximum range of 200 kilometers and a cruising speed of 248 kilometers per hour, likened to an "air taxi" [2][4]. - The first unit of the AE200-100 has entered the pre-production phase, with a focus on achieving airworthiness certification and commercial operation [1][3]. - The aircraft's design incorporates comprehensive innovations in aerodynamics, structure, materials, avionics, and flight control systems, aiming for the highest safety standards [2][4]. Group 2: Safety and Certification - Safety is emphasized as the highest priority, with a rigorous certification process involving multiple rounds of ground validation and flight tests under strict regulatory supervision [4][10]. - The timeline for achieving airworthiness certification is projected for 2026-2027, with a focus on thorough verification processes rather than expedited timelines [4][10]. Group 3: Infrastructure Development - The production base in Chengdu's Future Technology City is progressing rapidly, with the main structure completed and expected to be operational by 2026 [4][5]. - The location was chosen for its proximity to key aviation institutions, fostering industry collaboration and providing favorable policy support [5][10]. Group 4: Commercial Strategy - WoFei ChangKong has secured hundreds of orders and is collaborating with various domestic tourism and aviation companies to explore commercial operation models [7][10]. - The eVTOL is positioned in the high-end market, with pricing expected to be 2-3 times that of traditional ride-hailing services, aiming for cost reductions through technological advancements and scale [7][10]. Group 5: Global Perspective - China's eVTOL development is seen as competitive on the international stage, leveraging advantages in airspace management and manufacturing, particularly in the context of the growing electric vehicle industry [10][11]. - The company benefits from its affiliation with Geely Technology Group, which provides supply chain and manufacturing advantages, aiming for a mass-market approach similar to traditional taxi services [10][11].

Core Viewpoint - The "Chuan-Yu Low Altitude Cultural Tourism Corridor Test Flight Activity" marks the first cross-regional collaborative test flight event focusing on "low altitude + cultural tourism" between Sichuan and Chongqing, aiming to explore new paths and models for the integration of low-altitude economy and cultural tourism, ultimately providing a replicable new paradigm for high-quality development in the cultural tourism industry across the region and nationwide [1] Group 1 - The test flight activity will run from now until the end of 2026, covering major representative scenic spots in the Sichuan and Chongqing regions, initially using traditional helicopters for verification and later transitioning to the AE200 eVTOL developed by WoFei ChangKong [1] - WoFei ChangKong has secured hundreds of orders for its self-developed large passenger transport eVTOL, the AE200, from domestic and international cultural tourism groups and airlines [1] - The first batch of test flight routes for the "Chuan-Yu Low Altitude Cultural Tourism Corridor" has been released, transforming the concept of "cloud travel in Sichuan and Chongqing" into a concrete plan [1] Group 2 - Various cultural tourism representatives from multiple cities in Sichuan and Chongqing signed cooperation agreements to jointly promote the construction of the low-altitude cultural tourism corridor, sharing resources and developing collaboratively [1] - Partners such as Hong Kong Investment Group, Shu Dao Group, and Travel Investment Group will leverage their mature eVTOL products and associated resources to collaborate deeply with WoFei ChangKong, creating integrated operational support scenarios for eVTOL and low-altitude connections around Sichuan [2] - The collaboration aims to provide multi-dimensional and comprehensive support for the development of the "Low Altitude Cultural Tourism Corridor" surrounding the entire Sichuan and Chongqing regions [2]

Core Insights - The 2025 World Intelligent Connected Vehicle Conference was held in Beijing, where Geely's chairman Li Shufu discussed new opportunities and pathways for the development of intelligent connected vehicles [1] Group 1: Geely's AI Achievements - Geely has made significant advancements in "full-domain AI," integrating AI technology into various automotive components, transitioning vehicles from "functional machines" to "intelligent life forms" [3] - Key AI technologies include the Flyme Auto2 AI cockpit system, Thunder God AI hybrid system, AI digital chassis, and AI intelligent architecture, all of which are now in mass production [3] - The Qianli Haohan safety assistance driving system, developed in collaboration with Qianli Technology, features the industry's largest hardware and software bandwidth and is a Level 3 intelligent driving solution [3] Group 2: "Heaven and Earth Integration" Strategy - Geely's "Heaven and Earth Integration" strategy aims to create a comprehensive technology ecosystem that combines smart vehicles, intelligent roads, and robust cloud services [4] - The Geely satellite constellation, with 64 operational satellites, represents a significant achievement in China's private commercial space sector, enabling large-scale applications [4] - Geely's subsidiary, Cao Cao Travel, will utilize the satellite constellation for real-time communication services, enhancing emergency response capabilities [4] Group 3: Low-altitude Travel Developments - Geely's Wo Fei Chang Kong has emerged as a leading player in the low-altitude travel sector, with its AE200 aircraft marking a milestone in the development of large manned vertical take-off and landing vehicles [5] - The AE200 is designed to meet diverse travel needs, including intercity travel, airport shuttles, scenic tours, and emergency rescue, with orders covering key economic regions [5] Group 4: Strategic Insights for Intelligent Connected Vehicles - Geely emphasizes the importance of user value and safety in the development of intelligent connected vehicles, ensuring that technology addresses real user pain points [6] - The company advocates for self-research in technology while promoting open collaboration within the industry to accelerate overall progress [6] - Geely calls for the establishment of unified standards and norms in the intelligent connected vehicle sector to facilitate cross-industry integration [6] - The company stresses the need to respect manufacturing principles and industry regulations, viewing the evolution of intelligent connected vehicles as a transformation of the manufacturing sector [6] Group 5: Future Outlook - The wave of intelligent connectivity is reshaping the automotive industry, with China positioned as a key market and innovation hub in this transformation [7] - Geely aims to seize opportunities for collaboration and mutual benefit in the evolving automotive landscape [7]

Core Viewpoint - The article highlights the recent developments in the eVTOL industry, particularly focusing on the financing and growth of the company沃兰特, as well as the broader market trends and opportunities within the low-altitude economy sector [2][3]. Group 1: Company Developments -沃兰特 has completed a multi-billion B round financing, indicating strong investor interest in the eVTOL sector [2]. - The company, established in June 2021, specializes in the development of electric vertical take-off and landing aircraft, with its first product, the VE25-100 "Tianxing," targeting the commercial passenger market [2]. - The operational cost of the VE25-100 is estimated to be only 1/8 to 1/10 of similar helicopters per kilometer, which positions it competitively in the market [2]. -沃兰特 has secured confirmation orders from leading domestic airlines and leasing companies, including 南航通航 and 亚捷航空 [2]. Group 2: Industry Trends - The low-altitude economy sector has seen a decrease in heat compared to last year, but the maturity of the industry and policy support continue to improve [3]. - In June, the China Securities Regulatory Commission announced the reintroduction of a listing standard for unprofitable companies, which now includes the low-altitude economy sector, providing targeted support for eVTOL companies [3]. Group 3: Market Participation - Several automotive companies are actively entering the eVTOL market, including 吉利, 小鹏, and 广汽集团, each developing their own eVTOL models with various technological advancements [2]. - Recent announcements from listed companies indicate a growing interest in the eVTOL sector, particularly from battery manufacturers like 赣锋锂业 and 孚能科技, which are developing high-energy batteries suitable for low-altitude applications [4]. - The collaboration between battery manufacturers and eVTOL companies is expected to enhance the performance and viability of eVTOL aircraft in the market [4][5].

Group 1 - The automotive industry in China is expanding beyond traditional ground vehicles, with companies like Geely and Changan focusing on low-altitude and low-orbit technologies [1][4] - Geely has deployed 64 satellites in low orbit and is exploring satellite communication technology for its brands and Robotaxi services [4][6] - Changan plans to mass-produce humanoid robots by 2028 and aims to launch flying cars by 2030, with a projected market size for embodied intelligence exceeding $23 billion by 2030 [8][10] Group 2 - The penetration rate of L2 advanced driver-assistance systems (ADAS) in passenger vehicles reached 63% from January to July [8] - The chairman of Seres, Zhang Xinghai, reported that the AITO M9 has delivered over 230,000 units and has accumulated over 3.8 billion kilometers of assisted driving mileage [12][14] - BAIC's chairman, Zhang Jianyong, announced the launch of an ADAS based on Qualcomm's 8775 chip, targeting the 100,000 to 150,000 yuan market [15] Group 3 - Lei Jun emphasized the importance of safety in the industry and called for a collective effort to resist online manipulation and "black PR" [23][27] - The smart driving team at Lei Jun's company has grown to 1,800 members, with an initial investment of 5.79 billion yuan [25]