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DeepNewz, mobile.
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The drone express delivery service has commenced trial operations in South China's Guangdong, offering 40-minute inter-city delivery of emergency medicines and medical equipment. Alibaba partners with a rocket firm to achieve one-hour parcel delivery. The eVTOL market is projected to reach $1 trillion by 2040, according to JPMorgan. Chinese private-run space company Space Epoch collaborates with Alibaba's Taobao for on-demand package delivery via reusable rockets, potentially enabling international deliveries within hours. China's low-altitude economy experienced significant growth in 2023, with the civilian drone sector reaching 120 billion yuan and the eVTOL aircraft industry nearing 1 billion yuan.
China's low-altitude economy saw robust growth, witnessing a size of over 500 billion yuan ($69.15 billion) in 2023, up 33.8% YoY, with the civilian #drone sector reaching 120 billion yuan and #eVTOL aircraft industry nearing 1 billion yuan, a report said on Monday. https://t.co/rTxLlGkKZO
$BABA Chinese private-run space company Space Epoch said it will work with #Alibaba's Taobao to experiment with delivering on-demand packages by reusable rockets. If the project moves smoothly, international delivery packages could be completed by a rocket within hours, according… https://t.co/B4qbkO4VXr
$JOBY $LILM $BLDE $ARCH The electric vertical take-off and landing (eVTOL) market could be worth $1 trillion by 2040, according to JPMorgan.