The technology for eVTOL has received 100 purchase orders.

On November 6th, Shanghai-based Time Tech Co., Ltd. formally signed a strategic cooperation agreement with Industrial and Commercial Bank Financial Leasing Co., Ltd. Industrial and Commercial Bank Leasing plans to purchase 100 E20 eVTOL aircraft from Time Tech. The two parties will jointly promote the new process of E20 eVTOL in commercial operation, leasing services, and global market expansion through the "technology + finance" model. It is reported that the tilt-rotor E20 eVTOL independently developed by Time Tech fills the domestic technological gap, with performance characteristics such as a speed of 320 kilometers per hour, a range of 200 kilometers, and a capacity of 5 passengers. On the same day, Time Tech also signed a strategic cooperation agreement with AVIC Avionics. It is mentioned that the two parties will focus on high technical barriers such as EWIS and power distribution systems in the development of eVTOL aircraft, and establish a comprehensive coordination mechanism in areas such as technology research and development, production, and market promotion. Through joint research and capacity building, they will jointly create a safe and controllable, stable and reliable core supply chain system.