Hyundai Motor Co has accelerated efforts around developing"flying cars" and will offer services around those vehicles rather than just selling them, the South Korean automaker's chief operating officer told Reuters.
Hyundai is ahead of the timetable it previously laid out for the rollout of urban air mobility vehicles, also known as flying cars, Jose Munoz, Hyundai's global chief operating officer, said in an interview broadcast on Monday at the Reuters Events Car of the Future conference.Munoz, who is also CEO of Hyundai North America, previously said urban air taxis would be in operation at major U.S. airports by 2028, maybe earlier.
In 2019, Hyundai, whose flying car unit is based in Washington, pledged to invest about US$1.5 billion in urban air mobility by 2025. Munoz told Reuters Hyundai sees its flying cars serving not only residential customers, but also transporting commercial cargo.Hyundai does not want to sell flying cars as a simple transaction, but believes it can develop services around the vehicles, Munoz said.
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