Xpeng Aeroht, a Chinese flying car startup that is majority managed by electric car maker Xpeng Motors, is working with several funding banks on a inventory market itemizing that can presumably maybe occur in the US or Hong Kong, sources maintain told Bloomberg. It is miles unknown how a lot Xpeng Aeroht plans to intention end from the percentage sale and the firm’s plans may perhaps presumably maybe silent alternate, in line with the story. Closing March, Xpeng Aeroht filed its application to Chinese regulators for a producing certification (PC) for the airplane phase of its modular, hybrid Land Plane Carrier, which is built on a modular gadget allowing the separation of the flight and vehicle substances. The firm is aiming for mass manufacturing and offer of the electrical vertical takeoff and landing (eVTOL) airplane in 2026 when an assembly plant is made up our minds to commence with an annual strategy of 10,000 devices in the southern Chinese metropolis of Guangzhou. [TechNode reporting, Bloomberg]
