Flying cars, drones to take off in Shenzhen with US$1.7 billion investment
Shenzhen is spending 12 billion yuan on the low-altitude economy over the next two years, with another 20 billion yuan planned through 2030.
China’s southern tech hub of Shenzhen has pledged to invest 12 billion yuan (US$1.7 billion) in infrastructure for the low-altitude economy over the next two years, as the city aims to take a lead in flying taxis and delivery drones.
Shenzhen aims to build over 1,200 take-off and landing platforms by 2026, creating a new network to enable air travel, logistics, community delivery and urban governance services, the municipal Development and Reform Commission said on Tuesday, according to a report by the state-run Shenzhen Economic Daily.
Shenzhen had built 249 take-off and landing facilities by the middle of this year, and aims to add 147 more by the end of this year. It is planning to complete another 658 facilities in 2025, according to the report, citing the city’s transport bureau.
The city will also build more than 8,000 new 5G-Advanced base stations to bolster wireless network coverage for airspace below 600 metres and launch the Smart Integrated Lower Airspace System, dubbed the “brain for lower airspace”, by the end of this year, according to the report.
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