Caixin Summit: Design, Commercialization Key to China’s Low-Altitude Economy Taking Off, Industry Insider Says
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The development of China’s low-altitude economy should be driven by advances in aircraft system design, expanding application demand and large-scale commercial operations, said an industry executive.
Speaking at the 16th Caixin Summit Thursday, Tu Qiang, chief product officer at Chinese electric vertical takeoff and landing aircraft firm Aerofugia Technology Co. Ltd., said the large-scale deployment of low-altitude aviation services requires aircraft that must be safe, cost-efficient, comfortable and environmentally friendly.
Tu emphasized the foundational role of aircraft system design, based on which nearly all downstream technologies are developed.
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- Advances in aircraft system design, expanding demand, and large-scale operations are crucial for China’s low-altitude economy.
- Key challenges include immature regulations, lack of infrastructure, and the need for aircraft certification before commercial use.
- Investors are advised to focus on long-term growth and broader applications, not just early-stage commercial potential.
- Aerofugia Technology Co. Ltd.
- Aerofugia Technology Co. Ltd. is a Chinese electric vertical takeoff and landing aircraft firm. Tu Qiang, their chief product officer, believes the large-scale deployment of low-altitude aviation services requires safe, cost-efficient, comfortable, and environmentally friendly aircraft. He highlights aircraft system design as foundational to the industry's development.
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