On June 10, Lilium, a well-known German electric vertical takeoff and landing (eVTOL) company, announced the establishment of Lilium Aviation (Shenzhen) Co., Ltd. ('Lilium Aviation') in China, serving as its Asia-Pacific headquarters. As a representative of new productive forces, the development prospects of the low-altitude economy are broad, with a potential market size of trillions in the industry chain, according to Sinolink Securities.
According to media reports, the low-altitude economy is gradually heating up in China, and Lilium, a well-known German electric vertical takeoff and landing (eVTOL) company, plans to seek opportunities in China. Lilium announced on June 10th that it has established Lilium Aviation (Shenzhen) Co., Ltd. ('Lilium Aviation') in China as the Asia-Pacific headquarters. The new company is wholly owned by Lilium GmbH. Lilium Aviation will provide support for the sales and services of Lilium Jet products in China and the Asia-Pacific region, and the company will be located in the Shenzhen Baoan Low Altitude Economic Industry Public Service Center. It is expected to start recruiting employees locally in 2024. Lilium said that the company will also apply for airworthiness certification in China. Airworthiness certification is a technical review of the safety of aircraft by civil aviation regulatory authorities and is a prerequisite for the commercialization of aircraft.
As a representative of the new productive forces, the development prospects of the low-altitude economy are broad, and the potential market size of the industrial chain reaches trillions. With the inclusion of the low-altitude economy in the national plan, the industrialization and optimization of airspace management are expected to accelerate. At the same time, central and local policies are intensively introduced, and eVTOL, as an important carrier of the low-altitude economy, is expected to commercialize rapidly. As the low-altitude economy develops, infrastructure construction, related aircraft industrial chains, aircraft operations, and aircraft support are expected to benefit.
According to the Financial Data Center, among related listed companies:
As the organizer of the first Chongqing Low Altitude Flight Consumer Week, Chongqing Zongshen Power Machinery's subsidiary, Zongshen Aviation, has developed CA110I, C115HT-VI aviation piston engines, and the MG600 column-type tandem rotor unmanned helicopter equipped with C145 aviation piston engines.
CITIC Offshore Helicopter, which has been deeply cultivating the general aviation market for 40 years, has the qualifications and capabilities for full business operations. The company has signed a cooperation memorandum with Lilium of Germany and mainly conducts operations and market demand exploration for unmanned vertical takeoff and landing aircraft in the later period.