Xpeng AeroHT sets US$200,000 price tag for its debut flying car

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    4th July 2024 – (Hong Kong) Xpeng AeroHT, a subsidiary of Chinese electric vehicle manufacturer Xpeng, has announced the pricing of its inaugural flying car at approximately US$200,000, with the first deliveries slated for the end of next year. During a session at the South China Morning Post’s China Conference, Wang Tan, co-founder and chief designer of Xpeng AeroHT, revealed plans to mass-produce the vehicle within two years, aiming to sell around 5,000 units.

    Wang stated, “The first flying car delivered by Xpeng AeroHT will be in China next year. Initially, we will focus on the mainland market, followed by expansions globally, potentially targeting regions like the Middle East and Hong Kong.”

    This announcement comes amidst a surge in China’s low-altitude economy, which has seen significant growth following supportive policies introduced by the central government in 2021. Valued at over 500 billion yuan (US$69.5 billion) last year, this sector is forecasted to expand to 2 trillion yuan by 2030, according to the Civil Aviation Administration of China.

    Xpeng AeroHT, established in 2013, has been developing this electric vertical take-off and landing (eVTOL) vehicle for a decade. The company maintains a robust research and development infrastructure, including a centre and testing base in Guangzhou and additional labs in Shenzhen and Shanghai.

    He Xiaopeng, chairman of both Xpeng and AeroHT, emphasized the vehicle’s potential to alleviate urban traffic congestion, stating at a media briefing at Auto China 2024, “This eVTOL vehicle will offer an alternative mode of public transport, enabling passengers to bypass traffic jams effectively.”

    Wang highlighted the government’s enthusiastic support through regulations and policies, which has been pivotal in advancing their technology. “We have developed all technology in-house, including the power train and flying control systems. Today, AeroHT stands as the largest flying car company in Asia,” he added.