Industry Overview - The 2025 International Low Altitude Economy Expo was held from July 23 to 26 at the Shanghai National Exhibition and Convention Center, featuring an exhibition area of 60,000 square meters and over 300 exhibitors, focusing on low-altitude infrastructure, manufacturing, and related services [2] - The market shows high expectations for the practical application of low-altitude flying vehicles, with attendees particularly interested in the commercialization timeline and airworthiness certification status [2] Company Highlights - Nanjing Tianlu Flying Car Technology Co., Ltd. showcased its "Tianlu Flying Car," which attracted significant attention, with 500 product brochures distributed on the first day [2] - The company plans to release a new product in October 2025, following the first generation's design completion in 2021 and its debut in April 2023 [2] Infrastructure Development - The R&D center of Nanjing Tianlu is located in Jinshan, Shanghai, which has favorable test flight conditions, including a large cross-provincial low-altitude airspace of 1,370 square kilometers [3] - The Jinshan UAV base has established a commercial logistics system for drones and has supported approximately 230,000 flights with over 2,200 days of safe operation [3] - Jinshan District announced plans to further develop the "Shanghai Low Altitude Economy Characteristic Park" to attract eVTOL, industrial-grade drones, and new energy aviation aircraft [3] Market Potential - The eVTOL "Skylar (VE25-100)" from Volant Aviation received a record order of 500 units worth $1.75 billion from Thailand's Pan-Pacific Company, marking the highest public procurement order in China's eVTOL sector [3] - Sichuan's Wofei Chang Kong showcased its AE200 eVTOL prototype and a smart cockpit, targeting consumer markets for commuting and emergency rescue [4] - The AE200 can complete a typical commute in the Yangtze River Delta in about 25 minutes, with a capacity of five passengers, and significantly reduces emergency transport times [5] - The low-altitude economy market in China is projected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [5]