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Xpeng-Backed Startup Says It’ll Deliver Flying Cars in 2024

 

Xpeng Heitech, a flying car startup backed by electric vehicle maker Xpeng Inc, said on Wednesday that it would deliver flying cars to customers in 2024.

The startup, founded in 2013 and funded by Xpeng and Xpeng’s chief executive He Xiaopeng, now employs 400 people and will expand its workforce to 700 people by the end of this year, company founder Zhao Deli told the World New Energy Vehicle Congress.

Xpeng Heitech’s model will be able to drive on road, Zhao said. The electric flying car will be able to drive over 600 kilometres (370 miles) on the road with single charge but Zhao did not say how far it can fly each time.

Other automakers that are developing flying cars in China include Geely’s Terrafugia, which is building a factory in central city of Wuhan. Volkswagen AG is also studying the industry in China.

Regulators in China, however, have yet to roll out detailed rules on flying vehicles.

 

• Reuters and Jim Pollard

 

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The post Xpeng-Backed Startup Says It’ll Deliver Flying Cars in 2024 appeared first on Asia Financial.

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