Core Viewpoint - Guoxuan High-Tech Co., Ltd. has entered into a strategic partnership with EHang Intelligent to enhance the power system of EHang's EH216 series eVTOL aircraft, focusing on advanced energy technology to empower the low-altitude economy [3][4]. Group 1: Strategic Cooperation - On June 18, Guoxuan High-Tech and EHang Intelligent reached a strategic cooperation agreement to further develop the power system for the EH216 series eVTOL aircraft [3]. - The partnership builds on a previous agreement signed in December 2023, which outlined the joint development of eVTOL power cells, battery packs, and charging infrastructure [4]. Group 2: Product Development - The EH216 series aircraft will utilize the customized 46 series cylindrical cells, which offer significant performance improvements, marking the transition of the partnership into the product implementation phase [5]. - The new battery features an energy density of 310 Wh/kg and can be charged to 80% in 18 minutes at room temperature, ensuring safety through UN38.3 testing [5]. Group 3: Market Dynamics - The demand for batteries in the low-altitude market is increasing as the eVTOL and drone markets mature, intensifying competition among battery manufacturers [5]. - Key players in the lithium battery sector, including CATL, Yiwei Lithium Energy, and Guoxuan High-Tech, are positioning themselves in the low-altitude market, alongside solid-state battery companies like Enli Power and Xinjie Energy [5]. Group 4: Upcoming Events - The 2025 Fourth Solid-State Battery Conference and Silicon-Based Anode Industry Innovation Conference will take place from July 3-5 in Ningbo, Zhejiang, focusing on industry chain upgrades and commercialization acceleration [6][8]. - The conference will feature various sessions, including keynote speeches and technical discussions on solid-state battery advancements and applications in the low-altitude economy [12][14].

Core Viewpoint - Guoxuan High-Tech and EHang Intelligent have reached a strategic cooperation to upgrade the power system of EHang's EH216 eVTOL aircraft, aiming to enhance the low-altitude economy and promote high-quality development in the industry [2][3] Group 1: Strategic Cooperation - The cooperation is an upgrade based on a framework agreement signed in December 2023, focusing on the power system of EHang's EH216 series eVTOL [2][3] - Guoxuan High-Tech will provide customized battery solutions that meet the Civil Aviation Administration of China standards, emphasizing high safety, energy density, and discharge power [3] - The collaboration aims to expand into more innovative eVTOL models, accelerating the commercialization of urban air mobility and low-altitude logistics networks [3][4] Group 2: Market Dynamics - The low-altitude economy is rapidly developing, with many companies entering the market, including major automotive manufacturers like GAC, Changan, and FAW [2][6] - EHang's sales and delivery of EH216 series aircraft are projected to reach 216 units in 2024, a 315.4% increase from 52 units in 2023, with total revenue expected to be 456 million yuan, up 288.5% [6][7] - The eVTOL components share 70%-80% overlap with electric vehicles, benefiting from advancements in the new energy industry [5] Group 3: Financial Performance - EHang reported a revenue of 26.1 million yuan in Q1 2025, a 57.7% decline year-on-year, with a net loss of 78.4 million yuan, indicating a worsening trend [7] - Despite the Q1 downturn, EHang's CFO expressed confidence in a rebound in Q2 due to upcoming large orders from various provinces [7] Group 4: Industry Trends - The Chinese low-altitude economy is expected to see over 100 flying car companies by 2030, with a market size potentially exceeding one trillion yuan [9] - Major automotive companies are actively announcing progress in flying car projects, indicating a strong integration of aviation and automotive technologies [8]