US Stock Market Move | Shenzhen releases guidelines for the construction of low-altitude economic standards system Guide EHang Holdings Ltd. Sponsored ADR Class A (EH.US) up by over 9%

On Thursday, EHang Holdings Ltd. Sponsored ADR Class A (EH.US) rose more than 9% to $16.72. On the news front, on December 25, the Shenzhen Transportation Bureau and the Market Supervision Administration jointly issued the "Shenzhen Low Altitude Economy Standard System Construction Guidelines (V1.0)". The person in charge of the Shenzhen Transportation Bureau stated that in the future, with the release and continuous iteration and upgrading of a series of low-altitude standards such as the Low Altitude Economy Standard System 1.0, Shenzhen will strive to build a clear and structurally reasonable low-altitude standard system to provide guidance for participants in the low-altitude economy. According to the "China Low Altitude Economy Development Research Report (2024)" released by CCID Consulting, the scale of China's low-altitude economy reached 505.95 billion yuan in 2023, with a high growth rate of 33.8%. According to the Civil Aviation Administration of China's estimate, by 2025, the market size of the low-altitude economy will reach 1.5 trillion yuan, and by 2035, it will reach 3.5 trillion yuan.