BEIJING - China's nascent low-altitude economy - made up of manned or unmanned aviation services at low elevations - has captured investors' interest but many lack information and guidance about how the sector could develop, an industry group said on Tuesday.
Its aviation regulator foresees a 2-trillion-yuan industry by 2030 - a four-fold expansion from 2023 - with vertical mobility seen as a"new productive force" in areas such as passenger transport and cargo deliveries. Luo said in early August, when the China Low Altitude Economic Alliance comprising more than 100 companies was established, that the group would take the lead in guiding cities to quickly develop applications that can be replicated commercially.
Earlier this month, a Shanghai company launched manned helicopter services for travellers looking to cut travel time between Shanghai Pudong Airport and Kunshun, a city in Jiangsu province, to 20 minutes from several hours.