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Must-read news 1: CATL and Fengfei Aviation signed a strategic investment and cooperation agreement worth hundreds of millions of dollars

Recently, CATL and Fengfei Aviation signed a strategic investment and cooperation agreement. CATL exclusively invested hundreds of millions of dollars and became a strategic investor of Fengfei Aviation. CATL's exclusive strategic investment in Fengfei Aviation reflects its high recognition of Fengfei Aviation's core competitiveness and long-term development potential in the field of eVTOL electric vertical take-off and landing aircraft, and will help Fengfei Aviation achieve greater breakthroughs in the eVTOL field. Fengfei Aviation will work with CATL for a long time to jointly commit to the research and development of eVTOL aviation batteries. The two parties will combine their respective resources and technological advantages to focus on improving the energy density and performance of eVTOL batteries, support longer flight distances and higher loads for eVTOL, and at the same time usher in more significant improvements in safety and stability.

According to the "China Electric Vertical Take-off and Landing Aircraft (eVTOL) Industry Development White Paper (2024)", the global eVTOL cumulative market size is expected to reach US$160 billion by 2035. Huaxi Securities Research Report pointed out that due to the high proportion of the three-electric system in electric aircraft, with the continuous development of the global eVTOL market, the market size of the three-electric system is expected to continue to expand, and there is broad space in the future.

Must-read news 2: OpenAI's equity-invested company will release a new humanoid robot

Recently, the official Twitter account of the humanoid robot company Figure announced that Figure 02 will be released on August 6. It is reported that Figure has previously received investments from giants such as Nvidia, OpenAI and Microsoft. In March 2023, FigureAI officially launched its first general humanoid robot Figure 01, which aims to solve the global labor shortage problem by performing various tasks in industries such as manufacturing, logistics, warehousing and retail. Although the Figure 02 trailer video does not reveal too many specific details, it shows the robot's joints and limbs, as well as some interesting and potentially flexible mesh designs.

Foreign giants have accelerated the progress of humanoid robot business. Zou Runfang of AVIC Securities said that looking forward to the future, humanoid robots may usher in intensive catalysis such as new product releases, fixed-point, Optimus progress updates, and conferences. After adjustments in the early stage, the sector currently has a high configuration value. In terms of market space, the "Humanoid Robot Industry Research Report" shows that the development of the global humanoid robot industry has entered a golden period, and the market size will show a sustained growth trend. It is estimated that the scale of the Chinese humanoid robot market will exceed 10 billion in 2026, reaching 10.471 billion yuan, and is expected to grow into a 100 billion market in 2030, with a market size of 119.246 billion yuan.

Must-read news 3: System integration demonstration and verification test of high-speed flying car in low vacuum environment was successful

It was learned from the high-speed flying car test base in Yanggao County, Datong City, Shanxi Province that the China Aerospace Science and Industry Corporation and Shanxi Province's "central-local cooperation" ultra-high-speed low-vacuum pipeline maglev transportation system (hereinafter referred to as high-speed flying car) full-scale test line (Phase I) project has successfully completed the system integration demonstration and verification test in a low-vacuum environment in Yanggao County, Datong City, Shanxi Province, and passed the on-site test inspection of the Shanxi Provincial Department of Science and Technology. This indicates that the project has the conditions for project acceptance.

As an advanced transportation system that uses magnetic force to suspend trains on tracks, maglev trains have the advantages of high speed, smooth operation, no friction, no noise, and no pollution. They are considered to be one of the important directions for the development of urban rail transit in the future. China has made major breakthroughs in the development and application of urban maglev technology, becoming one of the leading countries in the world in the research and development and application of maglev technology. Currently, three maglev lines have been put into commercial operation, including the high-speed maglev line in Shanghai and the medium- and low-speed maglev lines in Beijing S1 and Changsha. As of 2021, the operating mileage of China's maglev trains has reached 63.7 kilometers, and it is expected that by 2025, the operating mileage of China's maglev trains will exceed 500 kilometers.

Must-read news 4: The leading flying car company received further financing and plans to start pre-sale of its products in the fourth quarter

Xiaopeng Huitian received $150 million in B1 round financing and started B2 round financing at the same time. This round of financing will ensure the smooth realization of the mass production and commercialization process of Xiaopeng Huitian's flying car research and development. Xiaopeng Huitian is about to build the world's first flying car factory that uses modern assembly lines for large-scale mass production in Guangzhou Development Zone. It will first be used to produce the flying body of the split flying car "land aircraft carrier". At the same time, the split flying car "land aircraft carrier" is planned to start pre-sale in the fourth quarter of this year. While promoting the commercialization process of flying car products, Xiaopeng Huitian is also accelerating the layout of the national flying car application network. So far, it has successfully signed contracts with nearly 60 flight camps.

Guotai Junan Research Report pointed out that flying cars are an important exploration of the next generation of travel. In recent years, global automobile companies and technology companies have joined in and jointly promoted the iteration and progress of technology. In terms of industry, in addition to Hyundai Motor, many major automobile manufacturers including Xiaopeng, Geely, GAC and Tesla are actively deploying flying cars. China Merchants Securities Research Report pointed out that the growth of the low-altitude economy is expected to continue in the next 3-10 years. With the maturity of eVTOL technology and the expansion of the market, it is expected to form a new trillion-level market.

Titanium Small Shares·Titanium Media Financial Research Institute

2024.08.6

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