China eyes buzzing low-altitu
2023 and written into this year’s government work report as a new growth engine.
Han Jun, deputy head of the CAAC, said the low-altitude economy has a long industrial chain and wide applications in the industrial, agricultural and service sectors.
According to CAAC data, there were 689 general aviation companies in China at the end of 2023, with 3,173 general aviation aircraft registered and 451 general aviation airports established.
“The low-altitude airspace is a no-man’s land with huge growth potential that could nurture a trillion-yuan new industry,” said Shen Xiangyang, founding director of the International Digital Economy Academy in the GuangdongHong Kong-Macau Greater Bay Area.
China owns a huge market and dense city clusters. The size of China’s low-altitude economy by 2023 was estimated at more than 500 billion yuan, with its scale expected to rise to 2 trillion yuan by 2030, according to the CAAC.
A Porsche Consulting report last year showed China is expected to account for 25-30 percent of the global eVTOL market in 2030.
Vertical mobility, a new quality productive force in transportation, is bu thanks to multiple advan grown C919 jetliner provide chains with more knowled engineering, safety, and ai Beidou navigation and 5G ne ized management in low-alt
Plus, China’s technical cap in the hardware and telecom foundation for the industry country’s prosperous elect facturing brought about r high-density batteries, highelectronic control and auton
Farasis Energy, a Chin manufacturer, has delivere soft-pack batteries for elect ers. The power batteries h cruising range of 250km in can realize more than 10,00
At Auto Shanghai 2023, Contemporary Amperex Tec displayed a high-density con tery and revealed its plan to electric aircraft jointly with
Chengdu-based Aerofugia of China’s EV giant Geely Au