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The latest announcement is out from AviChina Industry & Technology Co ( (HK:2357) ).
AviChina Industry & Technology has approved a technology development agreement with AVICOPTER and AVIC Automatic Control Institute to advance flight control systems for fully tilt-rotor intelligent electric aircraft serving the low-altitude industry. The move deepens in-group collaboration on core avionics, positioning AviChina to capture emerging demand for electric aviation while leveraging AVIC’s specialized R&D capabilities.
Under the agreement, AviChina and AVICOPTER will jointly contribute RMB 90 million in R&D funding, split equally, to entrust AVIC Automatic Control Institute with research, prototyping and flight testing of key flight control technologies. Classified as a connected transaction under Hong Kong listing rules, the deal is small in size but underscores AviChina’s strategic push into intelligent electric aircraft and reinforces its technology base in a tightly regulated segment.
The most recent analyst rating on (HK:2357) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on AviChina Industry & Technology Co stock, see the HK:2357 Stock Forecast page.
More about AviChina Industry & Technology Co
AviChina Industry & Technology Co., Ltd. is a PRC-incorporated aviation and defense manufacturer focused on aircraft and related systems. Listed in Hong Kong, the company develops and supplies aviation technologies and products, with a growing focus on intelligent electric aircraft for the low-altitude economy.
Average Trading Volume: 34,583,129
Technical Sentiment Signal: Sell
Current Market Cap: HK$27.51B
For detailed information about 2357 stock, go to TipRanks’ Stock Analysis page.