---
title: "Hong Kong Stock Concept Tracking | National relevant ministries are expected to establish a Low Altitude Economy Special Management Bureau, with great development potential in the low-altitude sector (including concept stocks)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/217190624.md"
description: "The relevant ministries and commissions of the country plan to establish a Low Altitude Economy Administration Bureau to promote the development of the low altitude economy industry. It is estimated that by 2025, the market size of China's low altitude economy will reach 1.5 trillion yuan, and by 2035, it will reach 3.5 trillion yuan. Related companies such as AVICHINA, XPeng, GEELY AUTO, and GAC Group are actively laying out the low altitude economy, demonstrating tremendous market potential"
datetime: "2024-10-18T05:48:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/217190624.md)
  - [en](https://longbridge.com/en/news/217190624.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/217190624.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/217190624.md) | [繁體中文](https://longbridge.com/zh-HK/news/217190624.md)


# Hong Kong Stock Concept Tracking | National relevant ministries are expected to establish a Low Altitude Economy Special Management Bureau, with great development potential in the low-altitude sector (including concept stocks)

The "Science and Technology Innovation Board Daily" learned from various sources that relevant national departments are planning to establish a Low-Altitude Economy Administration Bureau. An informed source told the reporter of the "Science and Technology Innovation Board Daily" that the establishment of the Low-Altitude Economy Administration Bureau has been approved and is currently in the preparation stage. The source mentioned that the establishment of this specialized unit is more important in adapting to the development needs of new productive forces, and can better coordinate resources across various sectors to promote industrial development.

Since the beginning of this year, driven by policy guidance and technological innovation, the low-altitude economy is rapidly rising and becoming a new focus of the industry. Many regions have clarified the development path of the low-altitude economy.

He Biao, General Manager of China Mobile, stated that the low-altitude economy industry is currently facing unprecedented development opportunities. It is expected that by 2025, the market size of China's low-altitude economy will reach 1.5 trillion yuan, and is expected to reach 3.5 trillion yuan by 2035.

A research report from CITIC Securities pointed out that flying cars, as an important carrier of the trillion-dollar low-altitude economy, have enormous potential market size.

**Companies related to the low-altitude economy:**

**AVICHINA (02357):** The flagship company of aviation high-tech military and civilian general products in the Hong Kong capital market. The company is backed by the Aviation Industry Corporation, with the State-owned Assets Supervision and Administration Commission as the controlling shareholder, and important subsidiaries including AVIC Aircraft, Hongdu Aviation, AVIC Avionics, and AVIC Optoelectronics. From 2022 to 2023, the company continues to promote major asset restructuring, with subsidiary AVIC Electronics planning to absorb and merge AVIC Mechanical and Electrical through stock exchange; subsidiary AVIC Aircraft intends to acquire 100% equity of Hafei and Changfei.

**XPENG-W (09868):** On January 10th, at the 2024 CES exhibition, Wang Tan, Co-founder and Vice President of Xpeng Huitian, announced that the company's split-type flying car "Land Carrier" will open for reservations in the fourth quarter of this year and is planned to start mass production and delivery in the fourth quarter of next year.

**GEELY AUTO (00175):** Geely's subsidiary Volocopter has completed the maiden flight of the 5-seater eVTOL AE200. At the end of July last year, Volocopter signed an exclusive strategic cooperation agreement and a purchase agreement for 100 AE200s with Hualong Airlines in Chengdu.

**GAC Group (02238):** Recently, GAC stated on the investor interaction platform that in June 2023, GAC's self-developed flying car GOVE made its first flight appearance. GAC is accelerating the industrialization of the new "flying + automotive" model and plans to launch a demonstration operation plan for flying cars in 2027, creating an intercity vertical transportation model in 2-3 cities in the Guangdong-Hong Kong-Macao Greater Bay Area

### Related Stocks

- [Geely Automobile Holdings Limited (GELYY.US)](https://longbridge.com/en/quote/GELYY.US.md)
- [GEELY AUTO-R (80175.HK)](https://longbridge.com/en/quote/80175.HK.md)
- [GEELY AUTO (00175.HK)](https://longbridge.com/en/quote/00175.HK.md)
- [GAC Group (601238.CN)](https://longbridge.com/en/quote/601238.CN.md)
- [GAC GROUP (02238.HK)](https://longbridge.com/en/quote/02238.HK.md)
- [AVICHINA (02357.HK)](https://longbridge.com/en/quote/02357.HK.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)

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