In Chinese Shenzhen, $1.7 billion will be invested in flying taxis and drones over two years.

Shenzhen, China, plans to spend $1.7 billion over two years to create infrastructure for flying cars and delivery drones. This was reported by the Chinese newspaper Scmp. From 2026 to 2030, it plans to invest another $2.8 billion in the low-altitude economy.

In Chinese Shenzhen, $1.7 billion will be invested in flying taxis and drones over two years.

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Author: Ekaterina Strukova

Shenzhen is set to take a leading position in the development of flying taxis and drone delivery. The city will have 1,200 runway platforms by 2026, its authorities say.

Shenzhen has already built 249 runways and plans to add 147 more by the end of this year. An additional 658 units are scheduled to be completed by 2025, according to a city report. By the end of 2024, the city will also build more than 8,000 new 5G-Advanced base stations to enhance wireless network coverage in the airspace below 600 meters and launch an intelligent integrated lower airspace system.

The Shenzhen technology hub is home to the world’s largest consumer drone maker DJI, unmanned aerial taxi maker Ehang, food delivery operator Meituan and electric vehicle maker Xpeng. These companies are testing their latest technologies in the city.

Thus, Meituan has already launched several food delivery routes using drones in Shenzhen parks, commercial areas and the port. Xpeng launched flight tests of its autonomous flying car in the city’s central business district in May.

Cover photo: picture alliance / Getty Images

Source: rb.ru