China’s DJI launches first delivery drone globally as regulatory shift spurs competition

News Snapshot:

DJI, the world’s largest drone maker, officially launched its first delivery drone in the US Wednesday, entering into an increasingly crowded market that already includes Amazon (AMZN) and South San Francisco startup Zipline. The release of FlyCart 30 (FC30) marks the Chinese firm’s first foray into the delivery drone space outside of its home market. The company, which has over 70% of the market share in the drone market, is looking to differentiate itself by focusing on industrial use cases, including in construction sites and mountainous terrain, given its ability to carry a heavy payload and operate in extreme weather....