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A car from a Chinese startup can fly over traffic jams


Chinese airline Xpeng Aeroht has already made two public flights of its flying car. The first took place in the UAE, the second in China.
The startup is backed by electric car maker Xpeng Inc, whose founder, billionaire He Xiaopeng, hopes to overcome regulatory hurdles and grab a slice of the $1 trillion market.
The hype surrounding “flying cars” is at odds with the reality that competing startups have been grappling with for years. Most investors expect company closures and industry consolidation in the coming years, even as orders gradually increase.