Gresgying in China Wins Major Heavy-Duty Drone Deal

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A leading Chinese manufacturer of electric vehicle chargers, Gresgying Digital Energy Technology, which expanded into the heavy-duty drone market last year through an asset acquisition, has secured a significant order for heavy-duty drones.

Gresgying will supply 42 heavy-duty drones along with related services to Xinjiang Commercial Logistics Group. The order includes the development of six logistics and emergency drone fleets and operational bases in six cities across China’s western Xinjiang Uygur Autonomous Region. The company did not disclose the estimated purchase price.

Xinjiang Commercial Logistics will incorporate these drone bases into its existing logistics infrastructure to establish a comprehensive low-altitude logistics network spanning the entire region, which is the largest provincial-level area in China.

The two firms will also work together to build electric vehicle charging stations and energy storage facilities at the logistics group’s distribution warehouses. Additionally, they plan to explore further cooperation opportunities, including potential joint ventures and capital investments when appropriate.

The logistics group owns extensive logistics parks and transportation hubs across Xinjiang. This partnership aims to promote the use of Gresgying’s heavy-duty drones in applications such as freight transport, emergency logistics, and deliveries to hard-to-reach areas. It also supports the broader deployment of the company’s electric vehicle charging stations and energy storage systems in the region.

Gresgying entered the low-altitude drone industry last year by acquiring a 57 percent stake in Zhongchuang Aviation Technology Zhejiang, a Chinese company specializing in developing and manufacturing heavy-duty unmanned helicopters. Its flagship drone model can carry payloads weighing up to 300 kilograms.

Shares of Gresgying (SHA: 600212) closed slightly lower at CNY 9.73 (approximately USD 1.35) in Shanghai today. Since early June, the stock has increased about 30%.