Mubasher: Changan Automobile signed a partnership agreement with EHang Holdings Limited to research and develop flying-car-related products in line with its plans to expand in the region.
Holding a strong presence in the MEA region with cumulative sales of 400,000 units, according to a press release.
The new products are expected to include flying cars and electric vertical takeoff and landing (eVTOL) aircraft, which are a type of electric vehicle which can take off and land vertically without a runway.
Changan will join forces with EHang, a leading global Urban Air Mobility (UAM) technology platform company, to develop innovative transportation solutions that can help open new economic development opportunities.
Chairman of Changan Automobile, Zhu Huarong, said: "In the next five years, Changan will invest over AED 10.07 billion to expedite the development of flying cars.”
“Over the next decade, we plan to invest more than AED 50.33 billion to explore comprehensive transportation solutions across land, sea, air and in humanoid robots,” he added.
