On July 16, UAE-based company Autocraft and TCab Tech signed a purchase agreement, investing USD 1 billion (approximately CNY 7.1 billion) to order 350 E20 electric vertical take-off and landing aircraft (eVTOL) independently developed by TCab Tech. This amount far exceeds the record of CNY 3.5 billion in intended orders set by domestic similar models in February 2025, becoming a new record for the single order amount in China's eVTOL sector.
This cooperation is the substantial implementation of the cooperation results of the 7th China International Import Expo, marking a new stage of China-UAE high-tech cooperation under the Belt and Road Initiative. The vice president of Autocraft said that this large-scale purchase aims to build a new generation of urban air transportation network in the Middle East, and they will work with TCab Tech to promote the commercial implementation of diversified scenarios such as low-altitude tourism and air travel in the Middle East and North Africa.
TCab Tech is a leading Chinese eVTOL enterprise. Its independently developed E20 eVTOL adopts tiltrotor and pure electric drive, which can carry 5 people with a range of 200 kilometers. Autocraft is a UAE enterprise investing in cutting-edge technologies, and has always been committed to making the UAE a leader in air transportation solutions. Autocraft's choice of TCab Tech is not only an affirmation of TCab Tech's technical maturity and systematic delivery capability, but also a key step for China's low-altitude economy to go global.
The 21st Century Business Herald once pointed out that 2025 will be the first year of commercialization of China's low-altitude economy, and many main engine manufacturers are expected to receive confirmed orders. Since this year, various main engine manufacturers have successively announced the receipt of orders. In April this year, TCab Tech signed an agreement with BOC Financial Leasing Corporation Limited, including a purchase order for 100 E20 eVTOLs. In addition, Volant, Auto Flight, and Zero-G have also announced purchase orders, with the order value reaching hundreds of millions of yuan. In the future, China will continue to work with global partners to provide reliable air transportation solutions for users, showing the world the strong strength of China's low-altitude technology.