Core Insights - The article highlights the significant presence of various drones and low-altitude flying vehicles showcased during the Spring Festival Gala, marking a notable advancement in China's drone technology and its applications in emergency response and logistics [1][2][5]. Group 1: Drone Showcase - Multiple drones, including the "Yunying" and "Wing Loong" from China Aviation Industry Corporation, and EH216-S from EHang, were featured prominently at the Spring Festival Gala [1][2]. - The "Yunying" and "Wing Loong" drones made their debut in a collective display, marking the first time medium to large drones were showcased together at such an event [2]. - EHang's EH216-S and the new generation GHOSTDRONE 4.0 set a Guinness World Record for the largest simultaneous drone flight, with 22,580 units participating [5][7]. Group 2: Applications and Innovations - The "Yunying" drone is designed for vertical takeoff and landing, demonstrating capabilities in emergency rescue operations, including rapid inspections and real-time surveillance [3]. - The "Wing Loong" drone has been utilized in various fields such as meteorological detection and emergency communication, contributing to China's emergency response system [2]. - EHang's EH216-S is the first passenger-grade drone to receive operational certification from the Civil Aviation Administration of China, indicating its readiness for commercial use [7][10]. Group 3: Low-altitude Economy and Future Prospects - The introduction of a water-based eVTOL airport by Fengfei Aviation represents a breakthrough in infrastructure, allowing for rapid deployment on water bodies without occupying land resources [9]. - The low-altitude economy is expected to expand significantly, with over a thousand orders for eVTOL aircraft received since 2025, indicating strong market interest [9]. - The operational challenges for eVTOLs include obtaining operational certificates and adhering to strict weather and flight conditions, which currently limit their commercial viability [9][10].

Core Viewpoint - The performance of EH216-S unmanned aerial vehicles (UAVs) at the 2026 Spring Festival Gala showcased the technological advancements in China's low-altitude economy and highlighted the capabilities of EHang Intelligent, a leading company in the industry [1][3][7]. Company Highlights - EHang Intelligent's EH216-S has completed over 80,000 safe flights across 21 countries, marking its second appearance at the Spring Festival Gala [2]. - The EH216-S is the world's first manned eVTOL (electric vertical takeoff and landing) aircraft to receive certification from the Civil Aviation Administration of China, reinforcing its status as an industry pioneer [3]. - EHang's subsidiary, EHang White Egret, set a Guinness World Record for the most drones (22,580) flying simultaneously, demonstrating the advanced capabilities of its GD4.0 drone technology [5]. Industry Insights - The low-altitude economy is recognized as a strategic emerging industry in China, with policies and infrastructure development accelerating its growth [10]. - EHang Intelligent has established a diverse product matrix, including manned and unmanned aerial vehicles for various applications such as firefighting and logistics [10]. - The company aims to leverage its technological innovations and operational capabilities to expand the commercial use of unmanned aerial vehicles in urban air mobility and other sectors [10].

Core Insights - EHang Intelligent (EH.US) is focusing on product certification, commercial operations, capacity expansion, and internationalization in the low-altitude economy sector, with specific implementations pending official announcements [1] Product Development Progress - The application for the type certificate (TC) of EHang's next-generation long-range passenger drone VT35 was accepted by the Civil Aviation Administration of China in March 2025, with airworthiness certification work ongoing. The company plans to leverage the certification experience of EH216-S to accelerate testing and mass production of VT35, which is designed for intercity travel with a range exceeding 200 kilometers [2] Business Progress - Domestically, EHang is advancing the reservation-based public flight service of EH216-S, transitioning from trial operations to regular operations, focusing on scenarios such as tourism and urban low-altitude transportation. Internationally, the "sandbox plan" in Thailand aims to expand to 20 pilot areas by the end of 2026 to facilitate commercial approval, while the company continues demonstration flights in Spain and Qatar to explore replicable operational models [3] Capacity Expansion - The second phase of the Yunfu production base has commenced trial production by the end of 2025, with an annual production target of 1,000 eVTOL aircraft and components. Additionally, the construction of production bases in Hefei and Weihai is progressing as planned to enhance supply chain resilience and delivery efficiency [4] Strategic Advancement - The company emphasizes safety as a priority, focusing on product strength, innovation, and operational capability, while deepening commercialization and internationalization efforts. Specific directions include diversifying the product line (such as firefighting and logistics versions of eVTOL), participating in industry standard formulation, and accumulating data experience through overseas pilot projects [5] Regulatory Environment - The pace of regulatory approvals remains a critical variable affecting deliveries. A report from JPMorgan in November 2025 indicated that domestic operational certification approvals may continue into 2026, necessitating the company to overcome regulatory hurdles to accelerate order fulfillment [6]

Core Viewpoint - EHang Holdings Limited showcased its advanced air mobility technology through a dual-feature aerial performance at the 2026 China Media Group Spring Festival Gala, featuring 16 EH216-S pilotless eVTOL aircraft and a record-breaking drone light show with 22,580 GHOSTDRONE 4.0 UAVs, highlighting the company's technological prowess and the potential of the low-altitude economy [1][3][5]. Company Highlights - EHang's performance included 16 EH216-S aircraft taking off simultaneously, forming a circular formation above the main stage, demonstrating the company's leadership in flight safety and fleet orchestration technologies [3][4]. - The 22,580 GD4.0 drones set a Guinness World Record for the most multirotor drones airborne simultaneously from a single computer, showcasing EHang's capabilities in drone technology [3][12]. - EHang's EH216-S is the world's first pilotless human-carrying eVTOL aircraft to receive Type Certificate, Production Certificate, and Standard Airworthiness Certificate from the Civil Aviation Administration of China, marking a significant milestone in the industry [5][14]. Technological Innovations - The synchronized flight of the EH216-S aircraft highlighted EHang's advanced command-and-control systems, precise algorithmic control, and multi-scenario adaptive flight capabilities [4][10]. - EHang Egret, a subsidiary, successfully conducted multiple performances with over 20,000 drones, demonstrating the GD4.0's robust performance in complex environments and its high-precision positioning technology [7][15]. Market Position and Future Prospects - The Hefei Luogang Park serves as a key testing ground for low-altitude economy development, hosting Urban Air Mobility centers and facilitating regular trial operations of the EH216-S since March 2025 [9]. - EHang aims to leverage its technological strengths for practical applications in various sectors, including passenger transportation, logistics, and smart city management, while expanding its influence in the global low-altitude economy [10][13].

心以及无人机编队业务等。此外，亿航智能子公司亿航白鹭的22,580架GD4.0无人机编队也在2026年春晚亮相，打破现有无人机编队飞行表演架次纪录， 获得"单台电脑控制最多无人机同时升空"的吉尼斯世界纪录荣誉称号。 广东省发展改革委数据显示，广东集聚了全国30%以上的低空产业链企业，总量约1.5万家。当下，广东正着力推进低空经济应用场景创新与规模化落 地。2025年广东无人机产量同比增长39%、占全国九成，起降设施增至3592个，飞行规模达2061万架次。 随着春晚的播出，广东无人驾驶航空器的惊艳表现，让更多人看到了低空经济的无限可能。未来，在政策赋能与技术创新的双轮驱动下，广东将继续深耕 低空经济，推动无人驾驶航空器等新型科技的发展应用，打造全国领先的低空经济产业发展高地，为全球低空经济发展贡献"广东方案"。 （文章来源：广州日报） 在2026年中央广播电视总台春节联欢晚会上，16架"空中的士"组成编队升空并点亮舞台的震撼画面，给很多观众留下了深刻的印象。这些"空中的士"名为 EH216-S无人驾驶载人航空器，是由广州本土企业亿航智能自主研发的eVTOL（电动垂直起降航空器），此次也是该机型继2025年春晚 ...

Core Insights - The article highlights the rapid development and commercialization of the low-altitude economy in China, particularly focusing on EHang, the world's first company to obtain operational qualifications for manned eVTOL (electric vertical takeoff and landing) aircraft [1][7]. Group 1: Industry Overview - The low-altitude economy is no longer just a concept but is moving towards practical applications, as evidenced by the recent experiences of journalists flying in EHang's eVTOL aircraft [1]. - EHang has received all necessary certifications, including the Type Certificate (TC), Production Certificate (PC), and Airworthiness Certificate (AC), making it the first company globally to achieve this milestone for manned eVTOLs [7]. - The development of the low-altitude economy is expected to progress through three stages: awareness, popularization, and accessibility, with 2024 being termed the "Year of Low Altitude Economy" [9]. Group 2: Technological Advancements - The EH216-S model has completed over 80,000 safe flights, demonstrating its reliability and safety through extensive testing, including simulations of extreme conditions [3]. - The aircraft can reach a maximum speed of 130 kilometers per hour and has shown a significant improvement in travel efficiency, reducing travel time across the Qiongzhou Strait to just 18 minutes compared to traditional ferry services [3]. - EHang is actively innovating in battery technology, with plans for a new generation of long-range unmanned aerial vehicles capable of over 200 kilometers of flight [6]. Group 3: Manufacturing and Operations - The manufacturing process of the eVTOL involves meticulous craftsmanship, including the use of carbon fiber materials, which are essential for the aircraft's structural integrity [4][5]. - EHang is focusing on talent development in collaboration with the Civil Aviation Flight University of China to ensure a skilled workforce for future operations [6]. - The company has established over 40 takeoff and landing points across various cities in China, aiming to expand commercial operations for urban commuting and emergency services [9]. Group 4: Future Prospects - By 2028-2030, EHang envisions a future where urban air mobility becomes commonplace, allowing citizens to book eVTOL flights via mobile apps, similar to luxury ride-hailing services [9]. - The Guangdong-Hong Kong-Macao Greater Bay Area has developed a mature supply chain for eVTOL components, with over 90% of parts produced locally, enhancing the industry's competitiveness [10].

Group 1 - Guangzhou held a commendation conference recognizing 60 outstanding non-public economic individuals and 20 enterprises for their contributions to the construction of socialism with Chinese characteristics [1] - The Secretary of the Guangzhou Municipal Committee emphasized the importance of non-public economic individuals and private enterprises in participating in key projects such as the Guangdong-Hong Kong-Macao Greater Bay Area development and modern industrial system construction [1] - The government aims to optimize the business environment and support enterprises in Guangzhou by protecting private property rights and enhancing policy implementation [1] Group 2 - The Chairman and CEO of Kingmed Diagnostics expressed commitment to fostering young entrepreneurs and promoting national integration while driving innovation in biotechnology and information technology [2] - EHang's CEO highlighted the importance of aligning corporate development with urban growth, focusing on the low-altitude economy to establish Guangzhou as a hub for this industry [2] - Miniso, a retail brand originating from Guangzhou, plans to lead 100 Chinese original IPs overseas in the next decade, leveraging Guangzhou's manufacturing base and open business environment [2] Group 3 - Haida Group, the first agricultural leader in Guangzhou to exceed 100 billion yuan in revenue, aims to strengthen its core research advantages and contribute to making Guangzhou a global agricultural technology hub [3] - The group is focused on advancing marine breeding technologies and enhancing mechanisms to support rural development initiatives [3]

Core Insights - The article highlights the advancements in low-altitude economy products, particularly focusing on the achievements of Guangzhou-based companies like EHang and XAG in the field of unmanned aerial vehicles (UAVs) and their global expansion efforts [1][2][4]. Group 1: EHang's Developments - EHang's EH216-S, the world's first manned autonomous aerial vehicle to receive full airworthiness certification, has completed over 80,000 safe flights across 21 countries, including the USA, Canada, and several European and Asian nations [2][3]. - The company plans to initiate an advanced air mobility sandbox project in Thailand by October 2025, aiming to commercialize eVTOL operations through innovative regulatory frameworks [2][3]. - EHang's international expansion is supported by its early overseas initiatives, including establishing a drone command and control system in the Middle East, which laid a solid foundation for its global strategy [3]. Group 2: XAG's Agricultural Innovations - XAG's agricultural drones are gaining popularity among farmers in Australia, where they are utilized to enhance agricultural efficiency and reduce costs associated with labor and pesticide use [4][5]. - The company has established a global distribution network, with products available in over 60 countries, focusing on precision farming and digital management of agricultural operations [5]. - XAG's competitive edge in the global smart agriculture sector stems from its robust self-research capabilities and a fully integrated supply chain from R&D to manufacturing [5]. Group 3: Industry Growth and Statistics - Guangzhou's civil drone production saw a significant increase of 29.8% last year, reflecting the rapid growth of the low-altitude economy [6][7]. - The city is home to over 4,200 enterprises in the low-altitude economy sector, ranking second nationally, with 65 core companies forming a complete industrial chain from research to service [7]. - The Guangdong-Hong Kong-Macao Greater Bay Area is recognized for its advanced precision manufacturing capabilities, supporting the production of key components for UAVs [7].

Core Insights - The electric vertical takeoff and landing (eVTOL) industry is experiencing growth due to rising demand for cleaner and more efficient urban transportation solutions [1][3] - Archer Aviation Inc. (ACHR) and EHang Holdings Limited (EH) are two key players in this market, each pursuing different technological and regulatory strategies [2][3] Archer Aviation (ACHR) Highlights - Archer Aviation is progressing towards Federal Aviation Administration (FAA) approval for its Midnight aircraft and plans to launch commercial air taxi services [2][17] - The company announced plans to develop next-generation Artificial Intelligence technologies for aviation using the NVIDIA IGX Thor platform, aiming to enhance aircraft safety and autonomy [5][17] - Archer has formed a strategic partnership with the Government of Serbia to support the adoption of electric air taxis in Europe, with an option to purchase up to 25 Midnight aircraft [6][17] - Financially, Archer's 2026 loss per share estimates imply year-over-year improvement, and its stock has outperformed EHang over the past year [11][13][20] - Archer's valuation is more attractive, with a trailing 12-month Price/Book (P/B TTM) ratio of 2.93 compared to EHang's 6.42 [15][20] EHang Holdings (EH) Highlights - EHang has received type certification for its autonomous eVTOL from China's aviation authority, providing a regulatory advantage [2][20] - The company signed a Memorandum of Understanding with Real Automóvil Club de España to explore joint initiatives in advanced air mobility [8][20] - EHang's EH216 series completed a successful pilotless flight across the Qiongzhou Strait, demonstrating its technical capabilities [9][20] - However, EHang's earnings estimates for 2026 have declined in recent months, indicating potential challenges [12][20] Market Positioning - Both Archer Aviation and EHang are significant players in the eVTOL market, but Archer is currently better positioned due to its regulatory progress, strategic partnerships, and favorable financial outlook [16][20]

Core Insights - The first police-use manned drone EH216-S was launched in Guangzhou, marking a significant milestone for EHang Intelligent, which has completed over 80,000 safe flights globally across 21 countries [1] - Guangdong is leading the low-altitude economy with over 30% of China's low-altitude industry chain enterprises, creating a billion-level drone export industry cluster that enhances its foreign trade advantages [1] - The province is focusing on a "product export + standard output + ecosystem co-construction" strategy to reshape global industrial discourse [1] Group 1 - Standardization is key for Guangdong's low-altitude aircraft industry to gain international influence, with the province aiming to lead global standards [2] - EHang has established itself as the first manned eVTOL company to obtain model qualification, production, and airworthiness certificates, actively participating in international aviation forums to share its experiences [2] - The Guangdong-Hong Kong-Macao Greater Bay Area is being developed as a hub for low-altitude aircraft industry, enhancing logistics efficiency by 50% through innovative air routes [2] Group 2 - Recent policies in Guangdong, including low-altitude airspace management reforms and financial support measures, are accelerating the formation of a low-altitude aircraft ecosystem [3] - Industry leaders express confidence that with strong provincial support, China's low-altitude aircraft products will achieve global market penetration similar to that of electric vehicles [3]