China is set to launch electric vertical takeoff and landing aircraft (eVTOL)pilot projects in six cities, said Sun Weiguo, an official of China Air Transport Association, at a conference on Monday.

Xinhua Finance said the six pilot cities are Hefei in Anhui province, Hangzhou in Zhejiang province, Shenzhen in Guangdong province, Suzhou in Jiangsu province, Chengdu in Sichuan province and Chongqing.

Related stocks saw a surge in value on Monday. CITIC COHC and Sichuan Jiuzhou Investment Holding Group (JEZETEK) hit an all-time high, and companies like Zonsen Power are seeing an upward trend.