Hong Kong stock concept tracking | The low altitude economy race track continues to benefit! EHang Intelligent releases new product VT35, Xiaopeng flying car secures the largest overseas order (with concept stocks)

On October 13, EHang Holdings Ltd. Sponsored ADR Class A (EH.US) held a new product launch event in Hefei, where the new generation of unmanned aerial passenger aircraft VT35 was unveiled. The presale price for the Chinese market (standard version) is no less than 6.5 million yuan. EHang Holdings Ltd. Sponsored ADR Class A Chief Operating Officer Wang Zhao stated that the VT35 was designed according to the airworthiness approved version standards in terms of components, configurations, and the coordination of various parts. Therefore, the short-term price of the product will not undergo significant changes due to airworthiness factors. He believes that this price is highly competitive in the market and will also bring profits to the company. The VT35, independently developed by EHang Holdings Ltd. Sponsored ADR Class A, is a new generation of composite-wing unmanned aerial passenger electric vertical take-off and landing aircraft. It is mainly aimed at medium and long-distance air traffic scenes such as inter-city, cross-sea, and cross-mountain areas, meeting the needs for safe and efficient travel within cities and between cities, providing passengers with more efficient, environmentally friendly, and economically convenient solutions for air transportation. The VT35 accommodates 2 seats, with a full range of up to 200 kilometers, far exceeding the previous flagship EH216 series. According to EHang Holdings Ltd. Sponsored ADR Class A Senior Vice President Feng Shuai, the two-seat design of the VT35 reduces the cost of single-unit production, increases seat utilization, and improves operational efficiency. In addition, compared to the EH216-S, the VT35 body width and length have only increased by about two meters, allowing for the direct reuse of the EH216-S take-off and landing site. The VT35 released this time is the composite-wing version, and EHang Holdings Ltd. Sponsored ADR Class A has also developed the VT35 tilt-rotor configuration version, which is already at the testing prototype stage. Wang Zhao revealed that the composite-wing version of the VT35 was introduced first because the previous VT30 was a composite-wing aircraft, and the VT35 was an upgrade based on that, making the technology more mature. The development of the tilt-rotor version is relatively slow because there was no previous generation product. He also mentioned that although the company has obtained the OC certificate and has the qualifications for licensed operations, the company still hopes to proceed cautiously to further accumulate experience in safety and control to ensure safety as much as possible. Regarding the progress of certification for the new product, Feng Shuai mentioned that in March 2025, the Civil Aviation Authority of China has accepted the application for the type certificate (TC) for the VT35 unmanned aerial passenger aircraft submitted by EHang Holdings Ltd. Sponsored ADR Class A. The new product aims to complete certification in about two years. XPeng also made significant progress, as its aerial carrier "Land Aircraft Carrier" has attracted orders from Middle Eastern billionaires. On October 12th local time, XPeng held an international experience event for the "Land Aircraft Carrier" in Dubai, where they successfully completed the first public manned flight demonstration overseas. During this event, XPeng announced the international brand "ARIDGE" and announced that the flying car manufacturing base in Guangzhou has been completed, preparing for mass production delivery of the "Land Aircraft Carrier" in 2026. At the same time, XPeng has signed the first batch of 600 flying car orders with multiple groups in the Middle East, planning to enter the Middle Eastern market as early as 2027, setting a record for the largest overseas batch order in the field. Currently, the "Land Aircraft Carrier" has accumulated 7,000 orders. Southwest believes that the national strategy is focusing on the new track of low-altitude economy, with various regions introducing key policies for the development of low-altitude economy and state-owned enterprises establishing low-altitude economic companies intensively. In terms of application scenarios, low-altitude logistics and low-altitude tourism are leading the way, and other areas are actively exploring. The orders for leading eVTOL manufacturers have surged, indicating a clear trend towards the scale development of the low-altitude economy chain. Guosen states that China's drone industry chain is globally leading, with related patent applications in the drone field accounting for about 70% globally, making it the world's largest civilian drone exporter. The commercial scenarios for low-altitude economy are also rich, with immense market space. Guosen predicts that the scale of the low-altitude economy is expected to exceed one trillion by 2026, reaching 1.0644 trillion yuan. According to data from the Civil Aviation Authority of China, the market size of China's low-altitude economy is expected to reach 2.5 trillion yuan by 2030 and is expected to reach 3.5 trillion yuan by 2035. According to Guosen's estimate, in the medium term, the domestic eVTOL steady-state market size is expected to exceed 200 billion yuan, with the market size of sightseeing scenarios, commuting scenarios, and total aircraft sales amounting to 68.3 billion, 20.8 billion, and 126 billion yuan respectively. Related concept stocks: AVICHINA (02357): AVICHINA is the flagship company for aviation high-tech military and civilian general products and services in the Hong Kong capital market, holding stakes in AVICOPTER PLC, Jiangxi Hongdu Aviation Industry, AVIC Airborne Systems, and Jonhon Optronic Technology, four A-share listed companies. Its main business covers helicopters, trainers, general aircraft, on-board systems and aviation components, and aviation engineering services. XPENG-W (09868): XPeng's co-founder and vice president Wang Tan announced that the company's segmented flying car "Land Aircraft Carrier" plan will start mass production deliveries in the fourth quarter of this year. Guangzhou Automobile Group (02238): Guangzhou's flying car workstation has completed the application for hundreds of patents and aims to become a leader in comprehensive ecological three-dimensional travel by leveraging its deep technological accumulation in the automotive, drone, and general aviation fields. The company plans to start demonstration operations in 2025 and achieve full-scale intelligent three-dimensional travel services in the Greater Bay Area by 2027. These are the translated news highlights related to EHang Holdings, XPeng, and the overall low-altitude economy sector in China.