Xpeng: Xpeng Motors to invest $413 million in flying cars this year: CEO

Xpeng Motors will spend RMB 3 billion ($413 million) on its electric vertical takeoff and landing (eVTOL) aircraft business this year and aims to operate an assembly plant with a production capacity of 10,000 units next year, Chief Executive He Xiaopeng said March 29. The factory, located in Guangzhou, where Xpeng is headquartered, will be [...]