China's Xpeng Expects Flying Cars To Take Off In 5-10 Years
Portfolio Pulse from Anan Ashraf
Chinese EV manufacturer XPeng Inc (NYSE:XPEV) expects flying cars to take off in China and globally within the next 5-10 years. The company showcased its X2 eVTOL at Beyond Expo Macao, a battery-powered two-seater flying car designed for short-distance, low-altitude city journeys. Mass production and customer deliveries are planned to begin in 2024.
June 13, 2023 | 8:21 am
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XPeng Inc expects flying cars to take off in 5-10 years and showcased its X2 eVTOL at Beyond Expo Macao. Mass production and customer deliveries are planned for 2024.
The news of XPeng's flying car development and the expected timeline for mass production and customer deliveries could generate positive sentiment among investors, potentially driving the stock price up in the short term. The company's vision for the future of transportation and its progress in the eVTOL market may be seen as a positive sign for its growth prospects.
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IMPORTANCE 80
RELEVANCE 100