Shengfeng Development Limited Enters China's Low-Altitude Logistics Sector [Yahoo! Finance]
Shengfeng Development Limited - Class A Ordinary Shares (SFWL)
Company Research
Source: Yahoo! Finance
in China providing customers with integrated logistics solutions, announced today a strategic expansion into the low-altitude economy in China . The Company believes this move will allow it to leverage its logistics expertise in an emerging field that integrates drone technology for streamlined, efficient logistics solutions across diverse sectors, particularly in high-demand and remote regions. China's low-altitude economy—encompassing civil and commercial drone operations in airspace up to 1,000 meters—is projected to grow rapidly, with the total market value expected to exceed 1 trillion yuan (approximately 140 billion USD ) by 2026, according to recent studies by CCID Consulting Co., Ltd., a subsidiary of the China Center for Information Industry Development under China's Ministry of Industry and Information Technology. Such studies indicate that within this sector, low-altitude logistics has emerged as a transformative tool for urban parcel delivery, medical supply transport, a
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News
- Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATLPR Newswire
- Shengfeng Development Limited Reports 107.8% Revenue Increase from China Post Services During 2024 Double 11 Shopping Festival [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development Limited Reports 107.8% Revenue Increase from China Post Services During 2024 Double 11 Shopping FestivalPR Newswire
- Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services [Yahoo! Finance]Yahoo! Finance
SFWL
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/14/25 - Form SCHEDULE
- SFWL's page on the SEC website