eVTOL procurement bubble: The order puzzle behind the strategic agreement

eVTOL (electric vertical take-off and landing) vehicle manufacturers have been announcing orders for hundreds or even thousands of aircraft, seemingly signaling a market explosion. However, industry insider Chen Feng notes that these so-called strategic partnership orders may simply be "show deals," with actual implementation unclear. He questions whether some manufacturers' high-profile promotions of intended orders are due to a lack of other substantive progress. As the concept of the low-altitude economy continues to gain traction, eVTOL manufacturers are entering a period of exploratory commercialization. However, large orders are often in the form of letters of intent or strategic partnerships, sparking industry concern.