Drones, Autonomous Vehicles and Flying Cars Message Board

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Technology Stocks : Drones, Autonomous Vehicles and Flying Cars

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From: sunabeach

6/5/2024 8:20:00 AM

of 3610

(SEMAFOR)

China invests in flying car industry

XPeng

The Chinese city of Guangzhou is putting $1.4 billion toward the development of flying cars, dubbed the “ low-altitude economy.” The investment reflects the government’s belief that piloted and autonomous civilian aircraft could serve as a growth engine to help reverse a sluggish economy, Nikkei reported. While regulatory hurdles remain, China has loosened some restrictions on the nascent industry and plans to put the new money toward building takeoff and landing points for the craft. Guangzhou makes sense as the place to start: It’s home to two prominent flying car companies, and is located in the same province as Shenzhen, a major tech hub.

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