Electric vehicle start-up Xpeng unveiled its first generation prototype for a flying vehicle at the Beijing Auto Show on Sept. 26, 2020.
BEIJING — Alibaba-backed Xpeng is putting money into flying car technology as part of the company’s long-term strategy.
The electric automaker revealed Saturday at the Beijing Auto Show the first in a series of electric flying vehicles the start-up said it is developing.
With eight propellers and a capsule-like frame, the vehicle resembles a human-carrying drone more than a flying car. The prototype was developed by Xpeng Heitech, a technology unit majority-owned by Xpeng and CEO He Xiaopeng.
Xpeng said in a release that the unit is part of…