China's eVTOL Aircraft Sector Takes Off
China News
June 25, 2024
The Chinese market for electric vertical takeoff and landing (eVTOL) aircraft is experiencing high-flying growth as the country ramps up efforts to foster its low-altitude economy. According to CCID Consulting, a think tank under the Ministry of Industry and Information Technology, the size of China’s eVTOL industry grew more than 77 percent between 2022 and 2023 to around 135 million U.S. dollars. By 2026, the sector is projected to hit approximately 1.3 billion.