Guangdong’s South news service reports “Guangzhou, the capital of Guangdong Province, (has) announced the launch of a 20 billion yuan (USD1.4 billion) aerospace industry investment fund on May 13, during a low-altitude economy investment promotion event held in the city.
“The fund, jointly contributed by the municipal government, state-owned enterprises, government-guided funds and financial institutions, will support the entire aerospace industry industrial chain,” says the report. “Investments will cover critical raw materials, core components, aircraft and supporting infrastructure R&D, as well as application scenarios such as low-altitude logistics, cultural tourism, urban air mobility, government flights, air transport and space launches.
The city plans to launch commercial cultural tourism test flights along the Pearl River waterfront, allowing global visitors to experience drone-based sightseeing tours in the city, according to the report. It also aims to launch China’s first cross-border low-altitude logistics route to Hong Kong SAR, by the end of 2026, enabling half-day delivery of cross-border goods between Guangzhou and Hong Kong SAR.
“In terms of infrastructure, Guangzhou plans to build 500 new takeoff and landing facilities in 2026. The city will also construct a long test runway for ton-class heavy-lift drones and establish a six-kilometer low-altitude safety control zone along the Pearl River.”
The city will promote supply chains for eVTOLs and drones, as well as adaptive upgrades for core component manufacturers in batteries, motors, electronic controls, navigation and flight control technologies. The city aims to “build an A-Z supply chain where an aircraft can be manufactured entirely without leaving Guangzhou.”
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