Hyundai Motor Group plans to have a "flying car" ready to start commercial air taxi services in 2029. The South Korean automaker's strategic move into aviation is part of a wider $52 billion investment in electric vehicle and disruptive mobility technology.
Giving the keynote address at the Mobility Innovators Forum in San Francisco on November 9, executive vice chairman Chung Euisun announced the South Korean company's intentions and said that it will have an aircraft flying by 2023. He indicated that it is looking to partner with existing aviation companies, including new start-ups in the urban air mobility (UAM) sector.
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