Group 1 - The low-altitude economy sector underperformed the market during the period from October 13 to October 26, with the Wind Low Altitude Economy Index declining by 3.47%, lagging behind the Shanghai Composite Index by 4.84 percentage points, the CSI 300 Index by 4.42 percentage points, and the ChiNext Index by 5.34 percentage points [1][2] - The National Development and Reform Commission emphasized the importance of nurturing emerging industries and future industries, with the "three new" economies expected to account for over 18% of GDP in 2024 [2] - The Central Committee's proposal for the 15th Five-Year Plan aims to accelerate the development of strategic emerging industries, including low-altitude economy, which is projected to create several trillion-yuan markets [2] Group 2 - Guangzhou's Tianhe District has issued policies to support the development of the low-altitude economy, focusing on infrastructure, industry clustering, and low-altitude logistics, with subsidies up to 20 million yuan for individual measures [2] - The Chongqing Yuzhong District government has released a three-year action plan for high-quality development of the low-altitude economy, aiming to establish demonstration projects and various application scenarios by 2027 [3] - EHang's VT35 long-range unmanned aerial vehicle has been launched, targeting mid-to-long-distance travel scenarios, with its model certificate application already submitted to the Civil Aviation Administration of China [3] Group 3 - The new brand "ARIDGE" by Huitian has secured orders for 600 flying cars in the Middle East, with the hybrid long-range flying car "A868" expected to be unveiled in Guangzhou in November [4] - Beta Technologies announced plans for an IPO in the U.S. to raise up to $825 million, potentially valuing the company at $7.2 billion, marking a significant event in the low-altitude economy sector [4] - A partnership between WoFei ChangKong and Siemens aims to enhance the development and operation of eVTOLs, focusing on digital empowerment in research, manufacturing, and operations [5] Group 4 - The establishment of a 2 billion yuan low-altitude economy industry fund in Henan is part of a broader strategy to develop the low-altitude economy, with successful projects already initiated [6] - Archer Aviation has signed a cooperation agreement with Korean Air for the potential purchase of up to 100 eVTOL aircraft, aiming to accelerate advanced air mobility development in South Korea [6] - The national 15th Five-Year Plan suggests accelerating the development of the aviation and low-altitude economy industries, with various local governments implementing supportive policies [7]

Core Viewpoint - EHang Intelligent has launched the VT35, a new generation of long-range unmanned aerial vehicles (UAVs), aimed at meeting the demand for medium to long-distance intercity travel, particularly in cross-city, cross-sea, and cross-mountain scenarios [2] Industry Developments - The eVTOL sector is experiencing rapid growth, with significant advancements in core technologies such as batteries, electric drives, and flight control systems, enhancing product performance and safety, thus accelerating commercialization [3] - The eVTOL industry in China has established a clear "manufacturing—operation—service—infrastructure" value chain, laying a solid foundation for large-scale commercial applications [3] - Recent developments include the unveiling of the Vector5 eVTOL prototype by Weixin Aerospace Technology and successful test flights of eVTOL cargo routes by CITIC Ocean Helicopter [5] Market Trends - There is increasing market interest in low-altitude economy stocks, with 37 stocks undergoing intensive institutional research in the past month, indicating a rising focus on commercialization and collaboration within the industry [3] - Air tourism is emerging as a core application for eVTOLs, with the emergency rescue sector also poised for rapid large-scale operations [3] Company Collaborations - Sichuan Hite High-tech Co., Ltd. has successfully developed and delivered China's first eVTOL simulator and is collaborating with leading eVTOL companies to advance technology development [4] - Beijing Siwei Tuxin Technology Co., Ltd. has formed a comprehensive low-altitude economy solution, partnering with various enterprises to integrate into the low-altitude economy industry [5]