Changan Automobile recently set a new milestone in its efforts to lead innovation and development in emerging industries by signing a partnership agreement with EHang Holdings Ltd. to research and develop flying-car related products. These are expected to include innovative flying cars and electric vertical takeoff and landing (\u201ceVTOL\u201d) aircraft, which are a type of electric vehicle which can take off and land vertically without a runway.<\/p>\n
Changan, together with EHang, a leading global Urban Air Mobility (\u201cUAM\u201d) technology platform company, will leverage their respective strengths to develop innovative transportation solutions that can help open new economic development opportunities. For example, in China, it\u2019s forecasted that the low-altitude economy \u2014 which refers to activities such as drone delivery which occur in the airspace below 1,000 meters \u2014 will be valued at a trillion dollars by 2030.<\/p>\n
“In the next five years, Changan will invest over AED 10.07 billion to expedite the development of flying cars,\u201d said Changan Automobile Chairman Zhu Huarong. \u201cOver the next decade, we plan to invest more than AED 50.33 billion to explore comprehensive transportation solutions across land, sea, air and in humanoid robots.”<\/p>\n
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This initiative aligns with Changan\u2019s long-term strategy to continually pursue breakthroughs in intelligent digital technologies and transform into an \u201cintelligent low-carbon mobility technology company\u201d.<\/p>\n
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The signing ceremony for Changan Automobile\u2019s collaboration with EHang was part of Changan\u2019s celebrations marking the inauguration of its Global Science and Art Center, an integral part of the company\u2019s Global R&D Center in Chongqing. Changan\u2019s Global Science and Art Center will focus on research in the science, technology, and design fields. Over the next 10 years, the company will invest over AED 15.10 billion to establish a team of over 3,000 experts and talents there to explore forward-looking fields such as artificial intelligence, and information technology, as well as innovations in customer experience and design.<\/p>\n
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This is part of Changan Automobile\u2019s global R&D network which currently includes 16 technology research and product development centers and 17 technology companies, and a technical R&D team of more than 18,000 people from 31 countries and regions around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"
Changan Automobile recently set a new milestone in its efforts to lead innovation and development in emerging industries by signing a partnership agreement with EHang Holdings Ltd. to research and develop flying-car related products. These are expected to include innovative flying cars and electric vertical takeoff and landing (\u201ceVTOL\u201d) aircraft, which are a type of …<\/p>\n","protected":false},"author":2,"featured_media":107269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-107271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"\n