Companies in China’s Low-Altitude Economy Turn Eyes to South Asian and Southeast Asian Markets
An eye-grabbing passenger-carrying eVTOL aircraft.
The air taxis, the single-occupant flying motorbike, the cargo drone, the high-precision firefighting drone ... A range of Chinese low-altitude products are being showcased at the 9th China-South Asia Expo held in Kunming, Yunnan, indicating that their exhibitors are turning their eyes to the South and Southeast Asian markets.
“We are here in the hope of reaching out to foreign merchants and expanding our presence in the South and Southeast Asian markets,”Ren Wenguang, founder of EVT Aerotechnics, Co., Ltd., told China News Service on June 20. He noted that China’s low-altitude economy is experiencing rapid growth, and with increasing domestic competition, it is essential to make early moves in overseas markets.
In some parts of China, drones are delivering coffee in scenic areas, air“buses”are operating regularly, drones are transporting medical supplies across islands, and drones equipped with infrared thermal imaging cameras are patrolling the skies above forests to monitor for fires…
An eye-grabbing passenger-carrying eVTOL aircraft.
The Civil Aviation Administration of China estimates that the market size of China’s low-altitude economy is expected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035.
Ren Wenguang’s company specializes in the research, development, and manufacturing of passenger-carrying electric vertical take-off and landing (eVTOL) aircraft. His company have partnered with Mile City in Honghe Prefecture, Yunnan, ready to operate the“Mile”aircraft. This eVTOL aircraft has a maximum takeoff weight of 2.2 tons, can carry a maximum of five passengers or 500 kilograms of cargo, and has a maximum range of 240 kilometers and a top speed of 240 kilometers per hour, making it suitable for high-frequency freight transport and aerial tourism, among other purposes.
“Yunnan is adjacent to Southeast Asia and South Asia, and establishing a regional center here is a significant strategic move for us to expand into these regions.”Ren Wenguang added that China, South Asia and Southeast Asia are home to about half of the world’s population, and boast tremendous potential for cooperation and vast room for development.
At the Expo, a wide variety of low-altitude products with different functions attracted many merchants from South Asia and Southeast Asia. Ren mentioned that some merchants had exchanged contact information with his team, showing a strong interest in their products.(End)
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