On the evening of January 2nd, Xiaopeng Motors announced that its subsidiary Guangdong Xiaopeng had signed a cooperation framework agreement with Guangdong Huitian to cooperate in the research and development, manufacturing, sales, and after-sales service of flying cars. Guangdong Xiaopeng will provide research and development services, technical consulting services, and sales agency services to Guangdong Huitian.
The announcement shows that Guangdong Xiaopeng will provide Guangdong Huitian with research and development services and other technical consulting services related to the terrestrial body of the flying car before the mass production of the flying car. It is reported that the expected mass production time for flying cars is the fourth quarter of 2025.
Previously, the Xiaopeng Huitian Flying Automobile Traveler X2 made frequent appearances at major auto shows and completed its first public flight in Dubai.
Expected mass production by 2025
The announcement shows that on January 2nd, Guangdong Xiaopeng and Guangdong Huitian signed a cooperation framework agreement, which will start on January 1st, 2024 and end on December 31st, 2025. According to the terms of the cooperation framework agreement, Guangdong Xiaopeng and Guangdong Huitian will enter into a specific agreement.
It is reported that Guangdong Huitian's business is mainly engaged in the research and development of flying cars. As of the announcement date, He Xiaopeng, the controlling shareholder of Xiaopeng Automobile, controls Guangdong Huitian. Guangdong Xiaopeng is a subsidiary of Xiaopeng Motors, mainly engaged in design and technical development.
A flying car consists of two parts, namely a land-based vehicle and a flying vehicle. According to the cooperation framework agreement, Guangdong Xiaopeng will be responsible for the manufacturing of terrestrial vehicles and the final assembly of flying cars. Guangdong Xiaopeng will provide Guangdong Huitian with research and development services and other technical consulting services related to the flying car land-based body before the mass production of flying cars (currently expected to be in the fourth quarter of 2025), and will also authorize Guangdong Huitian to use its intellectual property and charge intellectual property licensing fees.
In addition, Guangdong Huitian will grant free authorization to Guangdong Xiaopeng to use the intellectual property related to the research, development, and manufacturing of flying car land-based bodies. To meet the manufacturing needs of the terrestrial vehicle, Guangdong Huitian will also bear the costs incurred by Guangdong Xiaopeng for capacity enhancement and expansion. At the same time, after the mass production of flying cars, Guangdong Xiaopeng will exclusively sell its manufactured and assembled flying car products to Guangdong Huitian, while Guangdong Huitian will sell flying car products to end customers through the group's distribution network non exclusively.
The announcement shows that in terms of the sales agency services provided to Guangdong Huitian, Guangdong Xiaopeng will charge Guangdong Huitian a sales agency fee: when the production quantity is less than 25000 units, a fee of 71000 yuan will be charged per vehicle; When the mass production quantity reaches or exceeds 25000 vehicles, a fee of 71000 yuan per vehicle will be charged for 25000 vehicles, and 60000 yuan per vehicle will be charged for parts exceeding 25000 vehicles.
Xiaopeng Motors stated that Guangdong Huitian's main business is research, development, production, and sales of flying cars. With the rapid development of Guangdong Huitian and the synergistic effect generated through cooperation with Guangdong Huitian, the goal of building an intelligent transportation ecosystem is expected to be ultimately achieved.
Low altitude economy favored
With the rise of urban air traffic concepts, the modern concept of flying vehicles has expanded from traditional amphibious vehicles to electric vertical takeoff and landing aircraft, and is increasingly favored by global car companies, airlines, technology companies, and others.
The Xiaopeng Huitian Flying Automobile Traveler X2 has made appearances at major auto shows in 2023. It is reported that the Traveler X2 is made of carbon fiber throughout its body, allowing two people to ride. It has a maximum range of 25 minutes, a maximum speed of 130km/h, and can fly up to an altitude of 1000 meters. Its usage scenario is for short distance use in future cities.
As early as October 10, 2022, the Xiaopeng Huitian Flying Automobile Traveler X2 completed its overseas public debut flight in Dubai, marking the first public flight display in Dubai after the Dubai Civil Aviation Authority issued a charter flight permit for X2.
In addition to Xiaopeng Motors, on June 26, 2023, GAC Group showcased the Flying Automobile GOVE at the Science and Technology Day event. The GOVE consists of two parts: a bottom car base and an upper aircraft. On that day, GOVE completed its first global flight, reaching an altitude of 18 meters and completing hovering, 180 degree turning, and other maneuvers.
The relevant person in charge of GAC Research Institute has stated that GOVE can take off and land vertically and is equipped with a dual backup multi rotor flight system to ensure flight safety. The aircraft and base adopt a separate configuration, and the base can move in all directions with shared attributes. The aircraft can freely pair with the base to achieve takeoff from mobile stations and replenish energy at any time.
The emergence of flying cars brings more possibilities for future mobile technology travel and life.
Recently, Shenzhen introduced several measures to support the high-quality development of low altitude economy, proposing to accelerate the industrialization of low altitude aircraft such as manned eVTOL (electric vertical takeoff and landing aircraft), and requiring the acceleration of the industrialization development of application products such as manned eVTOL and flying cars; Low altitude economic enterprises engaged in related business activities in Shenzhen that develop manned eVTOL and flying cars and achieve sales will be given a certain proportion of sales rewards; Promote low altitude flight and carry out intermodal transportation with orbits, airports, etc., continuously enrich new forms of low altitude economy, etc.