HONG KONG -- Guangzhou will invest more than 10 billion yuan ($1.4 billion) by 2027 in the "low-altitude economy" -- services that operate in airspace well below regular commercial aviation -- as the Chinese government seeks new engines to speed up sluggish growth.
China tech
China's Guangzhou to invest $1.4bn in flying car infrastructure
City envisioned as hub for 'low-altitude economy'
XPeng's eVTOL flying car X2 makes its first public flight in Dubai in October 2022. The Chinese city of Guangzhou is set to invest in infrastructure for the "low-altitude economy." © Reuters
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