Xpeng Aeroht said its mass-production factory for flying cars is now 70 percent complete and is scheduled for completion in the fourth quarter.
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Category: Flying Cars
Xpeng has invited banks to pitch for a role in an IPO that could take place in Hong Kong or the US, according to Bloomberg.
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Ehang has received Air Operator Certificates for its EH216-S eVTOL, giving it regulatory green light for paid operations.
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Ehang will launch a trial run of eVTOL sightseeing tours in Shanghai in preparation for its commercialization of air cabs in the city.
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The AirJet, which has a range of over 200 km, is Govy's first product and GAC's second flying car.
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In roughly two to three years' time, air traffic networks and ground flight service facilities in China's major cities will be largely completed, an industry body said.
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The manufacturing site will be used to produce the flying body portion of Xpeng Aeroht's modular flying car, with a planned annual capacity of 10,000 units.
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Xpeng Aeroht has signed pre-order contracts with two companies for 150 modular flying cars worth nearly RMB 300 million ($42.8 million).
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