CITIC SEC Research Reports point out that recently, the central office and the state council issued documents promoting air traffic control system & airspace management reform, which helps to optimize airspace resource allocation and expand airspace resource supply; Auto manufacturers are jumping into flying cars, which helps speed up the development of the flight vehicle Industry Chain; local state-owned assets have established low-altitude companies, which helps accelerate the implementation of low-altitude Infrastructure. It is believed that there will be significant changes in the low-altitude economy by 2025, and attention should be paid to the support of policies for the low-altitude economy, as well as the funding, project implementations, and the issuance of EHang's operation certificate OC. Regionally, attention should be focused on regions leading in low-altitude economic development such as Guangzhou-Shenzhen, Jiangsu, and Hefei. From the Industry Chain perspective, we recommend focusing on three main lines: 1) eVTOL manufacturers; 2) Infrastructure and operators; 3) Key component manufacturers in the Industry Chain.