By the end of the first three quarters of 2026, Gaoyu had successfully secured financing amounting to more than RMB 800 million. The investors involved in this funding round include Chenxi Capital, Fosun RZ Capital, Shengyu Investment, Ningbo Jiaotou Low-Altitude Fund, Guangzhou Science City Venture Capital, Lanxi Capital, Sichuan Low-Altitude Economy Fund, Guotai Haitong, among others. The capital raised will be earmarked for aircraft research and development, airworthiness certification, the construction of large-scale production facilities, and the enhancement of operational systems. Simultaneously, Gaoyu is set to make substantial strides in establishing its intelligent flying car production base in Taizhou and expanding its market presence in the Yangtze River Delta region. This will expedite its transition into the 'mass production + operation' phase. Following this round of financing, GAC Group and its affiliated funds continue to hold the position of the largest shareholder in Gaoyu. Gaoyu represents a pivotal strategic initiative for GAC Group's strategic deployment in the low-altitude economy and functions as the cornerstone platform for its low-altitude business within the three-dimensional mobility ecosystem.