Hong Kong Stock Concept Tracking | Relevant ministries and departments of the country are expected to establish a special department for low-altitude economy, and the low-altitude sector has great potential for development (with concept stocks)

The “Science and Technology Innovation Board Daily” reporter learned from various sources that the relevant ministries and departments of the state plan to establish a special department to control the low-altitude economy. A person familiar with the matter told the “Science and Technology Innovation Board Daily” reporter that the establishment of the Special Bureau for Low Altitude Economy has been approved and is currently being prepared. According to the above sources, the more important meaning of setting up a special management unit is to adapt to the development needs of new quality productivity and can better collaborate with resources from various links to promote industrial development.

Since this year, under the dual impetus of policy guidance and technological innovation, the low-altitude economy has been rapidly rising and has become a new outlet for the industry. Low-altitude economic development paths have been clarified in many places.

He Biao, general manager of China Mobile, said that currently, the low-altitude economy industry is facing unprecedented development opportunities. It is estimated that by 2025, China's low-altitude economy market will reach 1.5 trillion yuan, and it is expected to reach 3.5 trillion yuan by 2035.

The CITIC Securities Research Report points out that flying cars are an important carrier of the trillion-dollar low-altitude economy, and the potential market size is huge.

Low-altitude related concept enterprises:

China Aviation Technology (02357): The only aviation high-tech military and civilian general product flagship company in the Hong Kong capital market. The company is backed by the Aviation Industry Group. The actual controller is the State Assets Administration Commission, which has important subsidiaries such as Zhongzhi Co., Ltd., Hongdu Airlines, China Aviation Aircraft, and China Aviation Optoelectronics. From 2022 to 2023, the company will continue to promote major asset restructuring. The subsidiary China Aviation Electronics will exchange shares to absorb and merge China Aviation Electromechanical; the subsidiary Zhongzhi Co., Ltd. plans to acquire 100% of the shares of Hafei and Changfei.

Xiaopeng Automobile-W (09868): On January 10, at the 2024 CES exhibition, Wang Tan, co-founder and vice president of Xiaopeng Huitian, announced that the company's split flying vehicle “land aircraft carrier” will begin pre-orders in the fourth quarter of this year, and mass production and delivery is scheduled to begin in the fourth quarter of next year.

Geely Automobile (00175): Geely's WoFei Longspace has completed the first flight of the 5-seater eVTOLAE200. At the end of July last year, WoFei Aerospace and China Dragon Airlines signed an exclusive strategic cooperation agreement in Chengdu, as well as a procurement agreement for 100 AE200 aircraft.

GAC Group (02238): Recently, GAC stated on the investor interactive platform that in June 2023, the flying car GOVE, developed independently by the GAC Group, was unveiled for the first time. GAC is speeding up the industrialization of the new “flight+car” model. It plans to launch a flying vehicle demonstration operation plan in 2027 to create a three-dimensional intercity travel model in 2-3 cities in the Guangdong-Hong Kong-Macao Greater Bay Area.