On April 3rd, according to the website of the China Securities Regulatory Commission, Sichuan Wofei Changkong Technology Co., Ltd. (hereinafter referred to as "Wofei Changkong") completed the registration for guidance and filing with the Sichuan Securities Regulatory Bureau on April 2, 2026. The company plans to conduct an initial public offering and list on the Science and Technology Innovation Board, with CITIC Securities as the guiding securities firm.
Wofei Changkong is a brand under Zhejiang Geely Technology Group Co., Ltd., dedicated to the research and commercial operation of global low altitude intelligent transportation aircraft.
In early February 2026, Wofei Changkong officially announced the completion of nearly 1 billion yuan in a new round of financing, setting a record for the largest single financing for low altitude economy at the beginning of the year.
The latest round of financing is led by CITIC Securities, with joint investments from well-known institutions such as Lianxin Capital, Xiangfeng Investment, Guanghe Venture Capital, and Guoqi Investment. Existing shareholders such as Panlin Capital, Yunsheng Capital, Zhongke Chuangxing, and Songhe Capital continue to follow suit.
If this IPO goes smoothly, Wofei Changkong will become the first domestic eVTOL stock and the first low altitude economy stock on the Science and Technology Innovation Board. Prior to Wofei Changkong, eVTOL leader Yihang Intelligent was listed on NASDAQ in December 2019 with the concept of being the "first stock in the global urban air traffic industry".
According to the official website, the core product of Wofei Changkong is the AE200 series pure electric manned eVTOL, which is a 2 to 6-seater class aircraft. The design parameters of the entire series can reach up to 6 seats, a range of 200 kilometers, a cruising speed of 230 kilometers per hour, a body length of 9.9 meters, a wingspan of 15 meters, and a height of 4.4 meters. It is suitable for short to medium distance low altitude travel within urban agglomerations and between urban areas.
In October 2024, the Design Assurance System (DAS) of Wofei Longsky was successfully approved, which is the first manned eVTOL design assurance system approved in China.
Among them, the AE200-100 is the first specific type in the AE200 series, mainly used for passenger scenarios. Its production aircraft was launched in September 2025 and completed the first phase of verification flight in December of the same year.
This aircraft model adopts an "eight axis four tilt" tilt rotor configuration, with 4 out of 8 propellers capable of achieving a 90 degree tilt. This eVTOL wing type has the highest technical difficulty, but its advantages in range, speed, load capacity, and comfort are quite obvious.
In addition to complete machine research and development, recently, Wofei Changkong officially released its core technology products - the "Emeishan" aviation electric engine and the "Daduhe" aviation power battery; In terms of production capacity construction, the main structure of the Wofei Changkong Global Headquarters Base and Manufacturing Base project located in Chengdu Future Science and Technology City has been fully completed and is expected to be officially put into operation in the second half of 2026.
In terms of equity structure, Hubei Geely Taili Flying Car Co., Ltd., Ce Yuan Capital, Hangshi Group, Chengdu Wofei Yuheng Enterprise Management Partnership (Limited Partnership) under Geely Technology Group, and Zhongke Chuangxing are the top five shareholders of the company, holding 40.0156%, 7.65%, 4.646%, 4.242%, and 3.7144% of the shares, respectively.
Among them, Ceyuan Capital is an investment institution under Chengdu State owned Assets and High tech Investment Group, Hangshi Group was jointly founded by Hangzhou State owned Assets and several local enterprises, and Shaanxi State owned Assets also appeared behind Zhongke Chuangxing.
In the shareholder list of Wofei Changkong, there are also several state-owned institutions such as Chengdu Advanced Manufacturing Fund, Songhe Capital, CITIC Construction Investment Capital, Shaanxi Aerospace Power Research Institute, Yuanhe Origin, Huaxi Jinzhi, Zhejiang Airport Capital, etc.
