GAC Establishes Flying Car Manufacturing Company

[New Model Layout] GAC Group's subsidiary, Gaoyu Technology, has established a flying car manufacturing company to accelerate mass production and market delivery.

Key Development: GOVY AirCab to Enter Mass Production in 2026

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  The newly established company is named Gaoyu Flying Car Manufacturing (Guangzhou), with a registered capital of RMB 30 million, wholly owned by GAC-incubated enterprise Guangdong Gaoyu Technology.

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  Legal representative Zhang Ning, formerly the flying car project manager at GAC R&D Center, now also serves as procurement director; chairman Su Qingpeng, a technical expert at GAC R&D Center, led the in-house development of flying cars from concept to breakthrough.

Key Metrics: Over 2,000 Letters of Intent, Totaling RMB 3.3 Billion

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  The first mass-produced multirotor flying car, GOVY AirCab, has secured over 2,000 letters of intent, with a total value exceeding RMB 3.3 billion.

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  Parent company Guangdong Gaoyu Technology was founded in December 2024 with a registered capital of RMB 230 million, focusing on building a low-altitude mobility ecosystem.

Strategic Foundation: Aligning with Low-Altitude Economy Policy to Build an Integrated Air-Ground Transportation System

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  The new company aims to integrate the full chain of R&D, manufacturing, and operations to support the goal of mass production and delivery by 2026.

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  This move aligns with the national strategy of designating the low-altitude economy as an emerging industry, supporting Guangdong Province’s development of the flying car sector.