[Special Stock] DA Technology, Rising Expectations for Commercialization of Flying Electric Taxis
DA Technology is showing strong performance. This is interpreted as being influenced by a news report on a broadcast the previous day about V-Space, known as DA Technology's UAM business partner, and its manned electric vertical takeoff and landing vehicle (eVTOL).
As of 1:42 PM on the 3rd, DA Technology is trading at 4,895 KRW, up 2.09% compared to the previous day.
The broadcast introduced the current status of domestic UAM and domestic UAM-related companies in relation to the recent approval of UAM flight test permits by the U.S. federal government.
V-Space is a drone transportation specialist company that successfully completed a flight demonstration of its self-produced UAM aircraft last year. V-Space's UAM is a purely electric propulsion vertical takeoff and landing vehicle (eVTOL) characterized by a dual flight control system and battery control system. Since November last year, DA Technology has been manufacturing battery modules applied to V-Space's UAM aircraft.
Jo Beom-dong, CEO of V-Space, explained, "In the U.S., it is regulated that if the weight is under 127 kg, airworthiness certification is not required," adding, "Besides V-Space, Swedish and American companies are also looking at this market and are already entering and preparing extensively."
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According to foreign media reports on the 29th (U.S. local time), U.S. company Joby Aviation (listed on the New York Stock Exchange) received flight permission and testing authority from the federal government. Joby's mass production prototype eVTOL also received a special airworthiness certificate issued by the Federal Aviation Administration (FAA), allowing it to begin flight testing. Upon news of the flight test permit, Joby's stock surged more than 40% that day, hitting a 52-week high.
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