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Xpeng Motors to invest $413 million in flying cars this year: CEO · TechNode

Summary by TechNode
Xpeng Motors will spend RMB 3 billion ($413 million) on its electric vertical takeoff and landing (eVTOL) aircraft business this year and aims to operate an assembly plant with a production capacity of 10,000 units next year, Chief Executive He Xiaopeng said March 29. The factory, located in Guangzhou, where Xpeng is headquartered, will be the world’s first capable of mass-producing flying cars, He said at an annual forum organized by the EV100 …

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Urban Air Mobility News broke the news in on Sunday, March 30, 2025.
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