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Chinese carmaker Geely Holding Group aims to launch its first flying car in the US next year through unit Terrafugia and has already started accepting pre-orders.
Terrafugia has already successfully tested several prototype models and the Massachusetts-based firm aims to debut the world’s first vertical take-off and landing flying car in 2023.
The subsidiary aims to achieve annual sales of 3 million vehicles by 2020, the report said, adding that a timeframe for a China launch is still in the works.
The two-seater model named Transition uses a folding wing to switch between ground driving and air flight modes in less than one minute.
A four-cylinder turbocharged petrol engine provides a 640-kilometer range and a top speed of 160 kilometers per hour. The vehicle requires a take-off distance of 425 meters.
Source: yicaiglobal.com
