A high-stakes race is underway to develop and supply the advanced batteries needed for the coming wave of electric vertical take-off and landing aircraft, or eVTOLs, as China prepares for its "low-altitude economy" to take to the skies.
Caixin
China's battery makers race to power flying cars
Technology seen as key to opening up the country's lucrative 'low-altitude economy'
Industry projections indicate that China's eVTOL (electric vertical take-off and landing aircraft) market could grow to 112.6 billion yuan, or $15.7 billion, by 2030.
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