China Zhonghua Geotechnical Engineering Group Co Ltd: Riding the Wave of Low-Carbon Economy
In a significant development for the low-carbon economy sector, China Zhonghua Geotechnical Engineering Group Co Ltd, a key player in the construction and engineering industry, has seen its shares surge amidst a broader rally in low-carbon economy stocks. This surge is largely attributed to a landmark deal in the eVTOL (electric Vertical Take-Off and Landing) sector, which is poised to accelerate the commercialization of low-carbon technologies.
On July 16, 2025, Autocraft, a UAE-based company, inked a monumental purchase agreement with Shenzhen-based technology firm, committing to buy 350 units of the E20 eVTOL aircraft, developed by the latter. This deal, valued at an impressive $10 billion (approximately 71 billion RMB), marks the largest single order in China’s eVTOL sector to date, surpassing the previous record of a 35 billion RMB order set in February 2025. The first batch of these aircraft is expected to be delivered following the acquisition of airworthiness certification from the Civil Aviation Administration of China.
This transaction not only underscores the global recognition of China’s eVTOL technology but also sets a precedent for the commercial viability of low-carbon transportation solutions. The E20, a flagship model developed by Shenzhen’s tech firm, boasts a tilt-rotor configuration, offering both vertical take-off and landing capabilities and efficient cruising performance. It is designed to cater to intercity and urban travel, promising significant advantages in safety, cost-effectiveness, and adaptability.
The collaboration between Autocraft and the Chinese tech firm began in the previous year, with both parties signing a cooperation agreement in November 2024 to explore and develop commercial applications for the E20 eVTOL in the UAE, including low-altitude tourism and urban air mobility.
As of July 17, 2025, the A-share market witnessed a collective upswing in low-carbon economy stocks, with China Zhonghua Geotechnical Engineering Group Co Ltd among the beneficiaries. The company’s stock, along with others in the sector, experienced significant gains, reflecting investor optimism about the growth trajectory of the low-carbon economy. The broader low-carbon economy index saw a cumulative increase of 15.25%, with individual stocks like Longxi Group and Morning Star Aviation posting remarkable year-to-date gains.
This development is a testament to the burgeoning potential of the low-carbon economy, particularly in the realm of eVTOL technology. With the Chinese market for eVTOLs projected to exceed 100,000 units by 2030, the recent deal not only marks a milestone in the commercialization of eVTOLs but also signals a shift towards sustainable urban mobility solutions. As the industry moves forward, China Zhonghua Geotechnical Engineering Group Co Ltd, along with its peers, stands at the forefront of this transformative journey, poised to capitalize on the burgeoning demand for low-carbon engineering and construction solutions.