Chinese company buys European flying car technology: report

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A technology behind a European designed flying car, known as AirCar, has been purchased by a Chinese firm called Hebei Jianxin Flying Car Technology Company for an undisclosed fee.

A Chinese firm has purchased the technology behind a BMW-powered flying car that has been successfully test-flown in Europe. The flying car, known as the AirCar, is a Slovakian-designed two-passenger vehicle with four wheels that transforms into a road-legal vehicle on the ground in just under three minutes. The AirCar comes with a pusher propeller, switchblade-style retractable wings and a telescoping tail.

"This licensing agreement grants the Chinese company exclusive rights to manufacture and distribute certified flying cars utilizing KleinVision’s cutting-edge technology within a specific geographical region. The Jianxin Group is poised to leverage this groundbreaking technology to redefine transportation standards in China.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beyond Capital: The European Investment Fund's Blueprint For A Thriving European Venture EcosystemSerial technology entrepreneur with 10+ years of experience building scalable tech ventures; leading product and development teams, selling to and co-developing products with Fortune 100 customers, raising capital from global professional investors.
Source: ForbesTech - 🏆 318. / 59 Read more »