Chinese Startup’s $140,000 Car Can Fly Over Traffic Jams

Chinese Startup’s $140,000 Car Can Fly Over Traffic Jams Chinese airline Xpeng Aeroht has already made two public flights of its flying car. The first took place in the UAE, the second in China. The startup is backed by electric car maker Xpeng Inc, whose billionaire founder He Xiaopeng hopes to overcome regulatory hurdles and grab a slice of the $1 trillion market. The hype surrounding “flying cars“ is at odds with the reality that competing startups have been grappling with for years. Most investors expect company closures and industry consolidation in the coming years, even as orders gradually increase. “Investors want to find the ’Tesla of the flying car industry’ - said Zhang Junyi, a partner at consulting firm Oliver Wyman, who helped found investment house Nio Capital. - But it may take 10 to 15 years for the market to flourish. Investing in the flying car industry is a tough marathon.” A flying car model from a Chinese startup is designed to drive on the roa