This is the largest order to date in the global flying car space, with 12 customers from sectors including transportation, travel, real estate, and technology, Xpeng Aeroht said.
Xpeng Aeroht, the flying car subsidiary of Xpeng (NYSE: XPEV), secured new orders at a major airshow, marking a significant development for the business.
Xpeng Aeroht today announced that it has received pre-orders for 2008 units of its modular flying car, the Land Aircraft Carrier, at the 15th China International Aviation and Aerospace Exhibition, also known as Airshow China.
This is the world’s largest order to date in the flying car space, with 12 customers from the transportation, tourism, real estate, and technology sectors, Xpeng Aeroht said.
The airshow is being held in Zhuhai, Guangdong province and will run from November 12 to November 17.
Yesterday, Xpeng Aeroht gave its modular flying car the world’s first public flight on the first day of the event.
Founded in 2013, Xpeng Aeroht is a technology division majority-owned by Guangzhou-based Xpeng and its chairman and CEO, He Xiaopeng.
Xpeng’s development path for Aeroht’s flying cars will include eVTOL (Electric Vertical Takeoff and Landing) flying cars and modular flying cars, it said at its October 24, 2023 Tech Day event.
The modular flying car in its entirety consists of a flying car, as well as a parent vehicle that can recharge that flying car.
Xpeng Aeroht will begin pre-sales of the modular flying car by the end of 2024, with mass production and deliveries in 2026, at a price of no more than 2 million yuan ($277,390), its founder and president, Zhao Deli, said on September 3.
The company held a closed-door meeting with a number of key partners on September 4, when it said it had secured more than 1,000 pre-orders for its modular flying car.
On September 27, Xpeng Aeroht said it entered into a strategic partnership with two companies based in Hangzhou, Zhejiang province, and signed pre-order contracts for 150 modular flying cars.
On October 27, the company broke ground on a flying car manufacturing base in Guangzhou, saying it was the world’s first flying car factory to utilize a modern assembly line for large-scale mass production.
The facility will be used to produce the flying body portion of the modular flying car, with a planned annual capacity of 10,000 units, the company said.
Xpeng Aeroht aims to start delivering modular flying car in 2026 for less than $280,000
($1 = RMB 7.2100)
