Group 1: Industry Overview - The 2025 International Low Altitude Economy Expo was held in Shanghai from July 23 to 26, showcasing nearly 300 exhibitors in the low altitude economy sector, highlighting emerging technologies and infrastructure [1] - The low altitude economy is transitioning from a "policy catalysis" phase to an "order fulfillment" phase, with significant acceleration in commercialization and industry ecosystem maturity [1] Group 2: eVTOL Developments - Fengfei Aviation Technology presented its 5-seat eVTOL "Shengshi Long," which features electric drive and a composite wing design, capable of a range of 200 kilometers and a cruising speed of 200 kilometers per hour [2] - Fengfei Aviation aims to enter trial operations in 2026 after obtaining necessary certifications, having already delivered the world's first eVTOL cargo version with "airworthiness certificates" [2] - Yufeng Future showcased its 2-ton eVTOL "Air Taxi" M1, with initial ride costs expected to be slightly higher than traditional taxis, but projected to decrease with scaled operations [3] Group 3: Strategic Partnerships and Alliances - A significant partnership was formed between Volant Aviation and Pan Pacific, with an order for 500 VE25-100 eVTOLs valued at $1.75 billion, marking the largest international order for high-grade passenger eVTOLs from China [3] - The "East China Low Altitude Economy Industry Alliance" was established to enhance collaboration among various stakeholders, including government and educational institutions, to promote the development of the low altitude economy [4][5] - Yufeng Future signed strategic cooperation agreements with Shanghai and Guangdong low altitude economy development companies to establish standards for low altitude infrastructure and application scenarios [6]

Core Viewpoint - The 2025 International Low Altitude Economy Expo showcased the rapid evolution of the low altitude economy from a policy-driven phase to one characterized by significant order fulfillment, indicating a maturation of the commercial and industrial ecosystem in this sector [1]. Group 1: eVTOL Developments - Peak Fly Aviation Technology presented its 5-seat eVTOL "Shengshi Long," which features electric propulsion and a composite wing design, allowing for vertical takeoff and landing with a range of 200 kilometers and a cruising speed of 200 kilometers per hour [3]. - The company aims to obtain certification for its eVTOL by 2026 and begin pilot operations, with multiple approval plans already recognized by authorities [5]. - The first eVTOL cargo version received the "three certificates" (TC, PC, and AC) for airworthiness, marking a significant milestone in the industry [6]. Group 2: Market Orders and Collaborations - Volant Aviation signed a significant agreement with Pan Pacific and China Aviation Technology International Engineering Company for the purchase of 500 VE25-100 eVTOLs, totaling $1.75 billion, representing the largest international order for high-grade passenger eVTOLs in China to date [7]. - The commercial path for eVTOLs is emphasized to be context-dependent, requiring careful assessment of application scenarios, population density, and geographical attributes for effective infrastructure deployment [9]. Group 3: Industry Alliances and Ecosystem Development - The establishment of the "East China Low Altitude Economy Industry Alliance" aims to enhance collaboration among various stakeholders, focusing on policy research, standard formulation, and technology cooperation to foster high-quality development in the low altitude economy [11]. - A joint initiative for the construction of an "eVTOL large-scale assembly manufacturing base" was announced, leveraging Shanghai's advantages in aviation technology and talent to accelerate the development of new low altitude aircraft [12]. - Strategic partnerships were formed between leading low altitude economy companies to create replicable and scalable low altitude economic models, focusing on infrastructure standards and application scenarios [13].