Shanghai Shi's Technology Co., Ltd. and UAE-based Autocraft have signed a landmark procurement agreement in the Xinzhuang Industrial Zone. Under the terms of the agreement, Autocraft will invest $1 billion (approximately RMB 7.1 billion) to order 350 E20 electric vertical take-off and landing aircraft (eVTOL), which were independently developed by Shi's Technology. This order value significantly surpasses all previous intent orders for similar domestic models, establishing a new benchmark for single-order amounts in China's eVTOL industry. The E20 aircraft features a tilt-rotor design, capable of carrying five passengers over a distance of 200 kilometers with low noise levels, offering an innovative approach to urban green three-dimensional transportation. Currently, this aircraft model is in the airworthiness certification phase and is anticipated to complete certification and commence mass production for market release by 2027.