Chinese Banks Back Carmaker XPeng’s Fly/Drive eVTOL

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...

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Chinese Banks Back Carmaker XPeng’s Fly/Drive eVTOL is published in Advanced Air Mobility Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN Premium membership.

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