\u83ef\u723e\u8857\u525b\u9078\u51fa\u96fb\u52d5\u5782\u76f4\u8d77\u964d\uff08eVTOL\uff09\u8cfd\u5c40\u7684\u52dd\u51fa\u8005\uff0c\u4f46\u4e26\u975e\u90a3\u500b\u5bb6\u55bb\u6236\u66c9\u7684\u540d\u5b57\u3002Goldman Sachs \u5c0d BETA Technologies \u7d66\u4e88\u300c\u8cb7\u5165\u300d\u555f\u52d5\u8986\u84cb\uff0c\u5c0d Joby Aviation \u7d66\u4e88\u300c\u8ce3\u51fa\u300d\uff0c\u504f\u597d\u5206\u968e\u6bb5\u8a8d\u8b49\u8a08\u756b\u8207 OEM \u52a0\u96f6\u4ef6\u7684\u71df\u6536\u6a21\u5f0f\uff0c\u800c\u975e\u90a3\u4e9b\u5438\u5f15\u6295\u8cc7\u4eba\u71b1\u60c5\u7684\u9ad8\u98a8\u96aa\u5148\u505a\u5927\u518d\u8aaa\u7b56\u7565\u3002\u9019\u9805\u7814\u5831\u9ede\u71c3\u4e86\u76e4\u9762\uff1aBETA \u6700\u65b0\u4ea4\u6613\u50f9\u7d04 28.08\uff0c\u6f32\u7d04 7%\uff1bJoby \u7d04 13.99\uff0c\u6f32\u8fd1 4%\uff1bArcher \u70ba 7.76\uff0c\u6f32\u7d04 4%\uff0c\u4ea4\u6613\u8005\u91cd\u65b0\u6821\u6e96\u4e0b\u4e00\u7f8e\u5143\u71df\u6536\u8207\u4e0b\u4e00\u55ae\u4f4d\u53ef\u4fe1\u5ea6\u5be6\u969b\u53ef\u80fd\u4f86\u81ea\u96fb\u52d5\u98db\u884c\u7684\u4f55\u8655\u3002<\/p>\n
\u8a72\u884c\u7684\u8ad6\u9ede\u65e2\u7c21\u55ae\u53c8\u52d9\u5be6\u3002\u5206\u6790\u5e2b Anthony Valentini \u5beb\u9053\uff0cBETA \u7684\u5206\u968e\u6bb5\u8a8d\u8b49\u9806\u5e8f\u8b93\u5b83\u80fd\u66f4\u65e9\u7522\u751f\u71df\u6536\u4e26\u66f4\u5feb\u7d2f\u7a4d\u5b78\u7fd2\uff0c\u4e14\u4e0d\u6703\u62d6\u5ef6\u6574\u9ad4 eVTOL \u7684\u6642\u9593\u8868\u3002\u5be6\u52d9\u4e0a\uff0c\u9019\u610f\u5473\u5148\u9a57\u8b49\u50b3\u7d71\u6ed1\u8dd1\u8d77\u98db\uff08conventional takeoff\uff09\u8b8a\u9ad4\u8207\u652f\u63f4\u57fa\u790e\u5efa\u8a2d\uff0c\u900f\u904e\u8a13\u7df4\u3001\u96f6\u4ef6\u8207\u7dad\u4fee\u670d\u52d9\u8b8a\u73fe\uff0c\u540c\u6642\u671d\u5411\u5782\u76f4\u98db\u884c\u6838\u51c6\u9081\u9032\u3002\u9019\u662f\u7576\u5de5\u7a0b\u62b1\u8ca0\u9047\u4e0a\u76e3\u7ba1\u73fe\u5be6\u6642\uff0c\u5728\u822a\u592a\u9818\u57df\u5e38\u898b\u7684\u968e\u68af\u5f0f\u8def\u5f91\u3002\u8207\u6b64\u540c\u6642\uff0cGoldman \u5c0d Joby \u7684\u300c\u8ce3\u51fa\u300d\u540c\u6a23\u662f\u95dc\u65bc\u6578\u5b78\u591a\u65bc\u6a5f\u68b0\uff1a\u8a72\u884c\u8cea\u7591\u5728\u6709\u6548\u8f09\u91cd\u7d30\u7bc0\u4ecd\u4e0d\u660e\u4e14\u5c1a\u672a\u793a\u7bc4\u91cf\u7522\u7684\u60c5\u6cc1\u4e0b\uff0cJoby \u7684\u5148\u884c\u8005\u512a\u52e2\u662f\u5426\u503c\u5f97\u652f\u4ed8\u6ea2\u50f9\u500d\u6578\u3002<\/p>\n
\u5e02\u5834\u807d\u5230\u4e86\u9019\u500b\u8a0a\u606f\u3002BETA \u4e0a\u6f32\uff0cJoby \u8207 Archer \u8ddf\u8457\u7fa4\u8d77\u56de\u5f48\uff0c\u9078\u64c7\u6b0a\u677f\u584a\u6d3b\u7d61\uff0c\u6295\u8cc7\u4eba\u958b\u59cb\u628a\u66f4\u91cd\u8996\u8fd1\u671f\u73fe\u91d1\u6d41\u8207\u53ef\u4fe1\u7684\u8a8d\u8b49\u9580\u6abb\uff0c\u800c\u975e\u7a7a\u6cdb\u7684\u57ce\u5e02\u7a7a\u4e2d\u79fb\u52d5\u9858\u666f\uff0c\u7d0d\u5165\u50f9\u683c\u3002JPMorgan \u8fd1\u671f\u4e5f\u5c0d Archer \u8207 Joby \u4e0b\u4fee\u8a55\u7b49\uff0c\u6307\u51fa\u80a1\u50f9\u5df2\u8dd1\u5728\u57fa\u672c\u9762\u4e4b\u524d\uff0c\u4e14\u96a8\u8457\u76e3\u7ba1\u963b\u529b\u672a\u6d88\u53ef\u80fd\u56de\u843d\u3002\u5927\u578b\u6295\u884c\u4e4b\u9593\u7684\u9019\u7a2e\u4e00\u81f4\u6027\u5f88\u91cd\u8981\u3002\u7576\u5169\u5bb6\u6a5f\u69cb\u90fd\u544a\u8a34\u5ba2\u6236\u91cd\u7f6e\u6642\u9593\u8868\uff0c\u800c\u4f60\u7684\u80a1\u7968\u5efa\u57fa\u65bc 2026 \u5e74\u7684\u6558\u4e8b\u6642\uff0c\u500d\u6578\u58d3\u7e2e\u53ef\u80fd\u4f86\u5f97\u5f88\u5feb\u3002<\/p>\n
BETA \u7684\u512a\u52e2\u4e0d\u50c5\u662f\u5168\u65b0\u8a2d\u8a08\u7684\u6a5f\u9ad4\uff1b\u66f4\u662f\u4e00\u500b\u770b\u8d77\u4f86\u50cf\u50b3\u7d71\u822a\u592a\u4f9b\u61c9\u5546\u7684\u5546\u696d\u6a21\u5f0f\uff0c\u800c\u975e\u4e00\u958b\u59cb\u5c31\u662f\u4e00\u500b\u767b\u6708\u822c\u7684\u822a\u7a7a\u516c\u53f8\u3002\u60f3\u50cf OEM \u7d93\u6fdf\u6027\u52a0\u4e0a\u96f6\u4ef6\u3001\u8a13\u7df4\u8207\u5145\u96fb\u57fa\u790e\u8a2d\u65bd\u3002\u8a72\u516c\u53f8\u4e00\u76f4\u5728\u5317\u7f8e\u4f48\u5efa\u91dd\u5c0d\u96fb\u52d5\u822a\u7a7a\u6821\u6e96\u7684\u5145\u96fb\u7db2\u8def\uff0c\u9019\u5728\u8a31\u591a\u540c\u696d\u4ecd\u5728\u63a8\u6e32\u67d3\u5716\u7684\u7522\u696d\u4e2d\u662f\u4e00\u9805\u53ef\u898b\u8cc7\u7522\u3002\u5b83\u4e5f\u5177\u6709\u570b\u9632\u8207\u8ca8\u904b\u7684\u61c9\u7528\u6848\u4f8b\uff0c\u80fd\u66f4\u65e9\u5e36\u4f86\u71df\u6536\u3001\u5206\u6563\u98a8\u96aa\u4e26\u70ba\u76e3\u7ba1\u6a5f\u95dc\u5efa\u7acb\u64cd\u4f5c\u6578\u64da\uff0c\u6240\u6709\u9019\u4e9b\u90fd\u80fd\u58d3\u7e2e\u5b78\u7fd2\u66f2\u7dda\u4e26\u64f4\u5927\u672a\u4f86\u6838\u51c6\u7684\u4fe1\u5fc3\u5340\u9593\u3002<\/p>\n
\u5925\u4f34\u95dc\u4fc2\u5728\u9019\u5834\u904a\u6232\u4e2d\u662f\u69d3\u687f\u3002BETA \u5df2\u806f\u5408\u7269\u6d41\u8207\u91ab\u7642\u904b\u9001\u7b49\u4e0d\u540c\u9818\u57df\uff0c\u4e26\u4ee5\u653f\u5e9c\u6e2c\u8a66\u8a08\u756b\u4f5c\u70ba\u8a66\u9a57\u5834\u3002\u9019\u5c0d\u8a8d\u8b49\u8207\u4f9b\u61c9\u5546\u7684\u4fe1\u5ea6\u5f88\u91cd\u8981\u3002\u82e5\u4f60\u662f Tier\u2011one \u96f6\u7d44\u4ef6\u88fd\u9020\u5546\uff0c\u6b63\u5728\u6c7a\u5b9a\u628a\u7a00\u7f3a\u7684\u5de5\u7a0b\u6642\u6578\u548c\u8cc7\u672c\u6a21\u5177\u512a\u5148\u6295\u5165\u54ea\u500b\u9805\u76ee\uff0c\u80fd\u5c55\u73fe\u5206\u968e\u6bb5\u722c\u5761\u8207\u4e2d\u671f\u63a1\u8cfc\u8a02\u55ae\u7684\u8a08\u756b\u6703\u66f4\u5177\u5438\u5f15\u529b\u3002\u6295\u8cc7\u4eba\u5be6\u8cea\u4e0a\u88ab\u8981\u6c42\u5728\u66f4\u8fd1-term \u7684 OEM \u52a0\u670d\u52d9\u6545\u4e8b\uff0c\u8207\u90a3\u500b\u66f4\u56f0\u96e3\u3001\u66f4\u795e\u8056\u7684\u5728\u5927\u898f\u6a21\u63a8\u51fa\u5168\u6574\u5408\u7a7a\u4e2d\u8a08\u7a0b\u8eca\u7db2\u7d61\u4e4b\u9593\u505a\u9078\u64c7\u3002Goldman \u525b\u6e05\u695a\u6307\u51fa\u5b83\u4eca\u5929\u8a8d\u70ba\u54ea\u4e00\u500b\u61c9\u8a72\u4eab\u6709\u8f03\u9ad8\u7684\u6982\u7387\u6b0a\u91cd\u3002<\/p>\n
\u9019\u4e26\u4e0d\u8868\u793a Joby \u6216 Archer \u7121\u6cd5\u57f7\u884c\u3002Joby \u7684\u98db\u884c\u6642\u6578\u6bd4\u591a\u6578\u540c\u696d\u66f4\u591a\uff0c\u4e14\u5df2\u6709\u91cd\u8981\u7684\u822a\u7a7a\u516c\u53f8\u5925\u4f34\u3002Archer \u4e5f\u5df2\u6392\u5b9a\u5546\u696d\u610f\u5411\u4e26\u5728\u8a66\u98db\u4e0a\u6709\u6240\u9032\u5c55\u3002\u4f46\u5728 FAA \u5c0d eVTOL \u7684\u7279\u6b8a\u5206\u985e\u6846\u67b6\u4e0b\uff0c\u8a8d\u8b49\u662f\u500b\u591a\u968e\u6bb5\u3001\u591a\u6b21\u7a3d\u6838\u7684\u904e\u7a0b\uff0c\u6700\u7d42\u8981\u9054\u5230\u578b\u5f0f\u8a8d\u8b49\u3001\u91cf\u7522\u8a8d\u8b49\u8207\u71df\u904b\u6838\u51c6\u3002\u6bcf\u4e00\u6b65\u90fd\u662f\u74f6\u9838\u3002\u7f3a\u4e00\u500b\u4ea4\u4ed8\u5c31\u53ef\u80fd\u5ef6\u5f8c\u4e00\u5b63\uff0c\u63a5\u8457\u662f\u4e00\u5e74\u3002\u518d\u52a0\u4e0a\u88fd\u9020\u64f4\u5f35\u8207\u4f9b\u61c9\u93c8\u9a57\u8b49\uff0c\u554f\u984c\u4e0d\u518d\u53ea\u662f\u98db\u6a5f\u80fd\u4e0d\u80fd\u98db\uff0c\u800c\u662f\u80fd\u5426\u4ee5\u6709\u54c1\u8cea\u7684\u901f\u5ea6\u751f\u7522\u3001\u80fd\u5426\u5b89\u5168\u5730\u5c0e\u5165\u8907\u96dc\u7a7a\u57df\uff0c\u4ee5\u53ca\u80fd\u5426\u4ee5\u4e0d\u6bc0\u6389\u55ae\u6a5f\u7d93\u6fdf\u7684\u4fdd\u8cbb\u50f9\u683c\u6295\u4fdd\u3002<\/p>\n
\u9019\u5c31\u662f\u4f30\u503c\u4e0d\u518d\u53ea\u662f\u7b11\u8ac7\u7684\u5730\u65b9\u3002\u5982\u679c\u80a1\u50f9\u6697\u793a 2025\u20132026 \u5e74\u80fd\u9806\u5229\u5b8c\u6210\u8a8d\u8b49\u4e26\u8fc5\u901f\u64f4\u5927\u6a5f\u968a\u4e14\u7dad\u6301\u5065\u5eb7\u5229\u6f64\uff0c\u4efb\u4f55\u6e2c\u8a66\u6578\u64da\u7684\u52d5\u6416\u3001\u4efb\u4f55\u91cd\u65b0\u8a2d\u8a08\u3001\u4efb\u4f55\u4f9b\u61c9\u5546\u5ef6\u8aa4\uff0c\u90fd\u6703\u6210\u70ba\u500d\u6578\u4e8b\u4ef6\u3002Goldman \u7684\u5831\u544a\u7a81\u986f\u4e86 Joby \u5728\u6709\u6548\u8f09\u91cd\u8207\u88fd\u9020\u898f\u6a21\u4e0a\u7684\u6301\u7e8c\u7591\u554f\u3002\u9019\u4e9b\u4e0d\u662f\u5c0f\u7d30\u7bc0\uff1b\u5b83\u5011\u76f4\u63a5\u5f71\u97ff\u822a\u7dda\u7d93\u6fdf\u8207\u9054\u5230\u6536\u652f\u5e73\u8861\u6240\u9700\u7684\u51fa\u52e4\u6b21\u6578\u3002Archer \u7684\u60c5\u6cc1\u4e5f\u985e\u4f3c\uff1a\u6642\u9593\u8868\u96c4\u5fc3\u52c3\u52c3\u3001\u884c\u92b7\u5230\u4f4d\uff0c\u4f46 FAA \u7684\u91cc\u7a0b\u7891\u4ecd\u6709\u9577\u9577\u7684\u7de8\u6392\u7b49\u5f85\u3002\u5176\u4ed6\u5238\u5546\u4e0b\u4fee\u7684\u7bc0\u594f\u6697\u793a\u5df2\u5728\u5f62\u6210\u5171\u8b58\uff1a\u76ee\u524d\uff0c\u9019\u4e9b\u6642\u9593\u8868\u61c9\u8a72\u88ab\u6298\u50f9\uff0c\u800c\u4e0d\u662f\u7d66\u4e88\u6ea2\u50f9\u3002<\/p>\n
FAA \u4e0d\u6703\u5c0d\u7269\u7406\u6216\u6d41\u7a0b\u8b93\u6b65\u3002\u8a72\u6a5f\u69cb\u5728\u5546\u7528\u822a\u592a\u5341\u5e74\u7684\u5b89\u5168\u6aa2\u8a0e\u5f8c\uff0c\u5df2\u5c0d\u8de8\u7522\u696d\u7684\u56b4\u8b39\u6027\u8868\u9054\u6e05\u695a\u3002\u5c0d eVTOL \u800c\u8a00\uff0c\u9019\u610f\u5473\u5fc5\u9808\u8b49\u660e\u52d5\u529b\u7cfb\u7d71\u53ef\u9760\u6027\u3001\u5728\u6545\u969c\u6a21\u5f0f\u4e0b\u7684\u5197\u9918\u3001\u5728\u771f\u5be6\u689d\u4ef6\u4e0b\u7684\u71b1\u7ba1\u7406\uff0c\u4ee5\u53ca\u8207\u7a7a\u4e2d\u4ea4\u901a\u7ba1\u5236\u7684\u6574\u5408\uff0c\u800c\u975e\u50c5\u5728\u6674\u6717\u7684\u793a\u7bc4\u65e5\u5b8c\u6210\u3002\u518d\u52a0\u4e0a\u96fb\u6c60\u58fd\u547d\u9031\u671f\u8207\u5145\u96fb\u5faa\u74b0\u7684\u5f71\u97ff\uff0c\u4f60\u6703\u76f4\u9762\u4e00\u500b\u53ea\u6709\u6642\u9593\u80fd\u89e3\u7b54\u7684\u6578\u64da\u554f\u984c\u3002BETA \u6c7a\u5b9a\u5728\u5efa\u7acb\u8a72\u6578\u64da\u96c6\u7684\u540c\u6642\u5c07\u50b3\u7d71\u6ed1\u8dd1\u8d77\u98db\u8b8a\u9ad4\u8207\u670d\u52d9\u8b8a\u73fe\uff0c\u9019\u662f\u4e00\u7a2e\u5c0d\u6c96\u3002\u65e9\u671f\u71df\u6536\u96d6\u7c97\u7cd9\uff0c\u4f46\u662f\u771f\u5be6\u5b58\u5728\uff0c\u4e5f\u6703\u5efa\u7acb\u80fd\u5e73\u6ed1\u5f8c\u7e8c\u8a8d\u8b49\u7684\u71df\u904b\u7d00\u9304\u3002<\/p>\n
\u6295\u8cc7\u4eba\u61c9\u628a\u9019\u7576\u6210\u6709\u76e3\u7ba1\u9580\u6abb\u7684\u8edf\u9ad4\u90e8\u7f72\u4f86\u770b\uff0c\u800c\u4e0d\u662f\u6d88\u8cbb\u6027\u5c0f\u5de5\u5177\u7684\u4e0a\u5e02\u3002\u6bcf\u9054\u6210\u4e00\u500b\u91cc\u7a0b\u7891\u5c31\u4f7f\u7d42\u7aef\u50f9\u503c\u98a8\u96aa\u964d\u4f4e\uff1b\u6bcf\u4e00\u6b21\u5ef6\u8aa4\u90fd\u61c9\u8abf\u6574\u4f60\u7684\u52a0\u6b0a\u6982\u7387\u3002\u9019\u4e5f\u662f Goldman \u5831\u544a\u5207\u5165\u7684\u539f\u56e0\u3002\u5b83\u628a\u6545\u4e8b\u91cd\u65b0\u5c0e\u5411\u73fe\u91d1\u7522\u751f\u8207\u53ef\u8a8d\u8b49\u7684\u9032\u5c55\uff0c\u800c\u4e0d\u662f\u793e\u7fa4\u5a92\u9ad4\u4e0a\u5438\u775b\u7684\u9996\u98db\u5f71\u7247\u3002\u5728\u9019\u500b\u6846\u67b6\u4e0b\uff0c\u8cc7\u672c\u6548\u7387\u5f88\u91cd\u8981\u3002\u5145\u96fb\u7db2\u8def\u8207\u8a13\u7df4\u7ba1\u9053\u7b49\u6709\u5f62\u8cc7\u7522\u540c\u6a23\u91cd\u8981\u3002\u80a1\u5e02\u50be\u5411\u4ed8\u9322\u7d66\u5b83\u80fd\u770b\u898b\u7684\u6771\u897f\uff0c\u800c\u975e\u88ab\u627f\u8afe\u7684\u672a\u4f86\u3002<\/p>\n
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