中证报中证网讯(记者王辉)近日，低空出行科技企业高域发布消息称，公司2025年以来累计融资金额达 5亿元。其中，公司在11月完成规模2亿元的Pre-A轮融资，此轮融资由国泰君安基金、四川弘威基金、 广州开发区低空基金等联合投资。 截至目前，公司的一期产线即将投产，并且已开始与地方政府、景区、出行平台进行深度对接。在12月 11日举行的2025世界无人机大会上，高域与南方试验场在韶关市新丰县合作建设的"飞行汽车试飞检测 基地"授牌。 公开信息显示，高域目前有三款不同构型产品，分别是陆空两用的AirCar、城市通勤的多旋翼AirCab， 以及面向城际出行的复合翼AirJet，覆盖了eVTOL(电动垂直起降飞行器)的所有终端场景。其中，多旋 翼AirCar和AirCab可以满足30km以内的短途跨越式出行需求，有效打通局部区域的"经济孤岛"；复合翼 AirJet可满足200km以内跨城市出行需求，未来搭载广汽全固态电池后，续航将有望突破400km，为交通 枢纽、城市之间的快速移动提供全新解决方案。 ...

Core Insights - The company GaoYu, which was incubated by GAC Group, has successfully completed a Pre-A round financing of 200 million yuan, with a total financing amount expected to reach 500 million yuan by 2025 [4] - GaoYu aims to become a leading technology enterprise in low-altitude technology, leveraging GAC Group's decade-long experience in electrification and supply chain systems to develop eVTOL aircraft for efficient urban mobility [4] Product Development - GaoYu has developed three different eVTOL products: the AirCar for land and air use, the multi-rotor AirCab for urban commuting, and the hybrid-wing AirJet for intercity travel, covering all terminal scenarios of eVTOL [5] - The AirCab and AirCar are designed for short-distance travel within 30 km, while the AirJet targets intercity travel up to 200 km, with future plans to enhance its range to over 400 km using GAC's solid-state batteries [5] Technological Advancements - GaoYu has achieved comprehensive self-research capabilities in core components such as flight control, autonomous driving, and navigation, addressing critical issues in civil aviation equipment [7] - The company possesses L4-level low-altitude autonomous driving technology and advanced materials, enabling intelligent obstacle avoidance and route control in complex environments [7] Supply Chain Integration - Originating from GAC Group's intelligent connected vehicle sector, GaoYu benefits from inherent capabilities for large-scale production and supply chain integration, allowing for over 70% resource reuse in eVTOL manufacturing [7] - The integration of automotive and aviation expertise enhances the reliability and scalability of both sectors, significantly improving quality and reducing costs compared to traditional industry solutions [7] Ecosystem Development - GaoYu recognizes the complexity of the low-altitude economy, which requires not only aircraft manufacturing but also infrastructure, software support, and operational platforms [8] - The company is focused on top-level design to promote a systematic approach to building a new low-altitude service system in collaboration with government, scenic areas, and operators [10] Policy and Market Outlook - The low-altitude economy is gaining governmental support, similar to the early days of the electric vehicle industry, with clear policy signals indicating a forthcoming industry breakthrough [11][13] - GaoYu plans to complete its production line and obtain airworthiness certification by 2026, while actively establishing standardized landing points and exclusive operational rights [14][15] Strategic Partnerships - GaoYu is collaborating with local governments and transportation hubs to promote standardized landing points, which will serve as integrated service units for low-altitude travel [14] - The company is also working with various partners, including ride-hailing platforms and aviation companies, to integrate low-altitude orders into existing transportation ecosystems [15] User Experience Focus - GaoYu emphasizes user experience, particularly for safety-sensitive demographics, by conducting extensive research to address user concerns about safety and comfort [16] - The company estimates that low-altitude travel can save over 70% of travel time while costing only 2-3 times that of ground transportation, aiming to make low-altitude technology accessible to the public [16] Future Prospects - The convergence of favorable policies and industrial momentum is expected to create a thriving new market in the low-altitude passenger industry, with GaoYu positioned to lead the sector [17]

Core Insights - The domestic low-altitude economy is transitioning from explosive growth to a stable and orderly development phase in 2025, with increasing competition and accelerated technological iteration and commercialization [1] Industry Developments - The 2025 Shenzhen eVTOL Industry Development Conference showcased a variety of eVTOL models, including multi-rotor and tilt-rotor designs, indicating a diversification of exhibitors compared to the previous year [1] - Companies like Guangqi Gaoyu and Huayu Xianxiang presented their eVTOL models, highlighting advancements in materials and design, such as Guangqi's use of over 90% aviation-grade carbon fiber composite materials, reducing material costs by nearly 30% [1] Safety and Technology - Safety remains the primary concern in the development of eVTOLs, with multiple redundancies built into models like AirCab, which features six independent electric drives to ensure stable flight even with failures [2] - Huayu Xianxiang's Honghu eVTOL employs a fully tilt-rotor design, with self-developed flight control and electric propulsion systems, marking a significant achievement in domestic eVTOL technology [2][3] Certification Progress - The flight control system of the Honghu eVTOL requires high-performance hardware and efficient software algorithms for real-time data processing, which is critical for safety and stability [3] - The certification process for eVTOLs is crucial for commercialization, with more models entering the airworthiness certification phase in 2025, including the acceptance of Honghu's application for a Type Certificate (TC) [3][4] - Guangqi Gaoyu's AirCab has also had its airworthiness application accepted, with expectations to receive certification by the second half of next year [5] Future Outlook - The eVTOL industry in China is progressing steadily, with expectations for significant advancements in airworthiness certification and commercial viability by the end of 2026 [4][5]