China Launches Action Plan to Establish Flying Cars as New Growth Engine for Low-Altitude Economy

China Introduces Action Plan for Commercializing Flying Cars in “Low-Altitude Economy”

Beijing is set to establish a new growth engine for the economy with its first action plan to speed up the development of flying cars. The aim is to establish the aviation sector for low-altitude airspace as a new growth engine. This move underscores China’s commitment to enhancing its aerospace industry and embracing innovative aviation technology to boost economic growth.

The Ministry of Industry and Information Technology is leading this initiative, which includes pilot programs for electric vertical takeoff and landing aircraft (eVTOL), or air taxis, which will be introduced in regions like Guangdong province, Hong Kong, and Macau. By 2030, Beijing plans to have a new aviation equipment industry in place, where eVTOLs and drones will operate at low altitudes to offer intelligent and eco-friendly air travel and ferry services across various sectors of society.

This concept of a “low-altitude economy” was mentioned for the first time in the government work report during the annual parliamentary meetings that concluded on March 11. It highlights China’s focus on developing innovative technologies that will transform transportation in the future. With this plan in place, China aims to become a leader in low-altitude aviation technology while also promoting sustainable development.

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