Latest Newsletter🍵 Biden awards Asian artistsRead


Hate rush hour? This $140,000 Chinese electric car can fly over traffic jams

Chinese flying car

    Asian America Daily - in under 5 minutes

    Get our collection of Asian America's most essential stories, to your inbox daily, for free!

    Unsure? Check out our Newsletter Archive

    An electric flying car designed to escape traffic in China may go into mass production in 2025.

    Xpeng Aeroht, which was founded by high-school dropout Zhao Deli, 45, in 2013, is an affiliate of XPENG and the largest flying car company in Asia, according to the company’s website

    The Xpeng X2, which includes four electric engines and eight propellers, is designed to be flown in times of traffic jams or road obstacles. Unlike many electric vertical takeoff and landing (eVTOL) aircraft, the model has wheels and can be driven on the ground.

    According to Zhao, the Xpeng X2 may go into mass production in 2025 with an envisioned price tag of about 1 million yuan (approximately $143,000).

    In October, the Chinese company conducted the first public flight of its electric flying car at Skydive Dubai following its kickoff at this year’s GITEX Global, which is one of the world’s largest tech shows.

    The two-seater aircraft hovered 100 feet above over 150 people, with several witnesses cheering, “Make us Chinese proud in Dubai!” in unison. 

    “The flying car is approaching reality and we think it was the right time to chip in,” Xpeng’s president Brian Gu said at the event. “The industry has produced a lot of technical breakthroughs, from weight reduction to obstacle avoidance and electrification.”

    According to financial services company Morgan Stanley, the eVTOL field could be worth up to $1 trillion by 2040.

    The field has already become crowded with other Chinese firms, including Ehang Holdings Ltd. and TCab Tech.

    “There are a few examples where American companies told us which sector is promising and can make money, and their Chinese counterparts just went and grabbed the market with lower prices,” Warren Zhou, a backer of TCab Tech, told Bloomberg. “It will be the same with the eVTOL and flying car industry.”

    Although their technology is not fully developed yet, investors are more concerned about flying cars’ profitability and regulatory approval.

    Related stories:

    Flying cars to be tested in new Indonesian capital in 2024

    Tokyo Company’s Flying Car Successfully Lifts Off in Test Video

    Tokyo company unveils futuristic $680,000 hoverbike



    Support our Journalism with a Contribution

    Many people might not know this, but despite our large and loyal following which we are immensely grateful for, NextShark is still a small bootstrapped startup that runs on no outside funding or loans.

    Everything you see today is built on the backs of warriors who have sacrificed opportunities to help give Asians all over the world a bigger voice.

    However, we still face many trials and tribulations in our industry, from figuring out the most sustainable business model for independent media companies to facing the current COVID-19 pandemic decimating advertising revenues across the board.

    We hope you consider making a contribution so we can continue to provide you with quality content that informs, educates and inspires the Asian community. Even a $1 contribution goes a long way.  Thank you for everyone's support. We love you all and can't appreciate you guys enough.

    Support NextShark

    Mastercard, Visa, Amex, Discover, Paypal