Business Maverick: Chinese startup’s $140,000 car can fly over traffic jams

In the past months, China’s Xpeng Aeroht has staged two maiden public flights for its aircraft. The 90-second exercise near Dubai’s iconic Palm Jumeirah island in October was followed by another in Guangzhou, China — landmarks for the start-up backed by electric-vehicle maker Xpeng Inc.

The hype belies the reality that rival startups have grappled with for years. Companies including Lilium NV, Joby Aviation and Archer Aviation wowed investors with multibillion-dollar listings but are now trading near historic lows. Google co-founder Larry Page’s KittyHawkMost investors expect company closures and industry consolidation in the coming years, even as orders gradually increase, according to a study commissioned by Canada’s Horizon Aircraft published this month.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Maverick: UK grid set to pay record sum to keep the country’s lights onThe UK electricity grid faces record costs for power stations cranking up output in emergencies this year, as it grapples with balancing supply and demand in the face of Europe’s energy crisis.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: Bankman-Fried released on $250-million bond in FTX caseThe co-founder of FTX has been released on bail after making his first US court appearance to face fraud charges over the collapse of the cryptocurrency exchange. Where did he get $250mill if he is supposedly bankrupt
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: January 6 panel releases report blasting Trump for Capitol assaultThe House committee investigating the January 6 attack on the US Capitol issued a more than 800-page final report on Thursday, delivering a detailed case that former president Donald Trump incited the violence in a failed attempt to hold onto power.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »