Chinese Banks Back Carmaker XPeng’s Fly/Drive eVTOL

Graham Warwick November 16, 2022
XPeng "flying car"
Credit: XPeng
Boosting funding support for China’s emerging advanced air mobility industry, four of the country leading state-controlled banks have jointly extended 6 billion yuan ($846 million) in credit to XPeng AeroHT, the electric-vertical-takeoff-and-landing (eVTOL) subsidiary of carmaker XPeng. The bank...
Graham Warwick

Graham leads Aviation Week's coverage of technology, focusing on engineering and technology across the aerospace industry, with a special focus on identifying technologies of strategic importance to aviation, aerospace and defense.

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