The Xinhua news agency reports that Autocraft from the United Arab Emirates (UAE) signed a memorandum of understanding (MoU) with the Chinese electric vertical takeoff and landing (eVTOL) maker Shanghai TCab Technology Co, Ltd, here on Wednesday on purchasing 350 E20 eVTOL aircraft worth USD 1 billion.
“This marks China’s largest single intent order for eVTOLs to date, underscoring the growing momentum of China’s low-altitude economy, a sector highlighted in the central government work report each year since 2024 and projected by the Civil Aviation Administration of China (CAAC) to reach a 1.5 trillion yuan (about 209.7 billion U.S. dollars) domestic market by 2025, with potential growth up to 3.5 trillion yuan by 2035,” according to an agency report.
“The deal marks a significant step for TCab Tech, a startup founded in 2021, as it positions its E20 eVTOL aircraft for diversified commercial applications, including low-altitude tourism and urban air mobility, across the Middle East and North Africa.
“TCab Tech founder and CEO Yon Wui NG, also former chief engineer of Airbus China, outlined a phased deployment plan for the 350 E20 eVTOL aircraft: The initial use in Abu Dhabi, followed by connections to surrounding cities, and ultimately expansion across the wider region. He emphasized the company’s cost advantage, attributing it to China’s mature aviation and battery-electric propulsion supply chains.
“Stemming from a partnership formed at last year’s China International Import Expo, this strategic collaboration combines TCab Tech’s expertise in eVTOL development and manufacturing with Autocraft’s local strengths in operations and market access in the UAE.W
The first batch of orders is scheduled for delivery after the airworthiness certificate is obtained from the CAAC.
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(Image: TCab Tech)