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Xpeng Aeroht has secured $1.5 billion in financing and plans to establish a factory in Guangzhou for the mass production of flying cars.

Xpeng Aeroht has secured $1.5 billion in financing and plans to establish a factory in Guangzhou for the mass production of flying cars.

Xpeng Aeroht has secured $150 million in funding and plans to build a factory in Guangzhou for the mass production of flying cars.

The factory will produce the "Land Aircraft Carrier" flying vehicle, with pre-sales expected in the fourth quarter.

The company has developed core technologies in-house and has conducted nearly 20,000 flight tests.

The "Land Aircraft Carrier" consists of a ground module and a flying module. The latter is an all-electric vertical take-off and landing aircraft with both manual and autonomous driving modes.

The ground module is an intelligent driving cabin designed to recharge the flying module. It features a three-axis, six-wheel design with all-wheel drive and rear-wheel steering capabilities.

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