Story perspectives
Xpeng Invests $413M in Flying Cars, Targets $2T Market
3/29/2025
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Story summary
- Chinese firms, led by Xpeng, are venturing into flying cars and robotaxis amid EV market expansion.
- Xpeng is set to invest 3 billion yuan (US$413 million) in eVTOL aircraft, anticipating a US$2 trillion market in 20 years.
- The company targets an annual output of 10,000 aircraft by 2026 at its new Guangzhou facility.
- Xpeng focuses on smart electric vehicles, enhancing autonomous driving and in-car technology.
