South China Province Announces Plan to Develop Low-Altitude Economy

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What’s new: South China’s Guangdong province has a plan to develop its “low-altitude economy,” which the central government wants to become a future driver of economic growth.

The southern Chinese province aims to set up a low-altitude airspace management mechanism that can operate smoothly and basically complete the construction of related infrastructure, with the goal to become a world-leading hub for the low-altitude economy by 2026, according to the action plan published on Wednesday.

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Guangdong province plans to develop its low-altitude economy, aiming to become a global leader by 2026.
The initiative includes setting up airspace management, infrastructure, and promoting flying vehicle services.
Shenzhen and Hefei cities are leading related developments, collaborating with companies like EHang and AutoFlight.

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Who’s Who

EHang Holdings Ltd.: EHang Holdings Ltd. is a startup involved in developing electric vertical take-off and landing (eVTOL) vehicles. The company has secured partnerships with local governments, including a recent deal with Shenzhen's government to explore eVTOL applications in the city. Additionally, EHang forged a $100 million partnership with Hefei's local authorities in October, aiming to advance the low-altitude economy in East China.

Shanghai AutoFlight Co. Ltd.: Shanghai AutoFlight Co. Ltd. is one of the startups collaborating with the local government in Shenzhen to explore the use of electric vertical take-off and landing vehicles (eVTOLs) as part of the city's low-altitude economy initiatives.

AI generated, for reference only