Guangdong, China - October 24, 2022: XPENG subsidiary XPENG AEROHT unveiled the latest version of the world's first all-electric vertical takeoff and landing (eVTOL) flying car at the XPENG 1024 Tech Day. Designed for both aerial flight and road driving, the flying vehicle conveniently features a sleek folding rotor system for seamless interaction between driving and flying. It is equipped with a new flight control system equipped with fault-tolerant control functions and a dual-engine backup system to ensure safety. Adapted from last year's horizontal twin-rotor structure to a new multi-rotor distributed configuration, overall system design complexity has also been reduced to improve flight safety and reliability. World's first eVTOL flying car Image Credit: World's first eVTOL flying car The new flying car test vehicle has successfully completed its maiden flight, as well as several single-engine failure tests. In driving mode, it is at par with any conventional car in terms of functionality and measurements. In flight mode, the flying car is operated using the steering wheel and the right gear stick as controls to go forward and backward, turn, climb, hover, and land. Subject to laws and regulations for low-altitude airspace, it can take off vertically and fly over traffic congestion, obstacles, and rivers to meet a new set of short-range mobility requirements. About XPENG AEROHT XPENG AEROHT is a subsidiary of XPENG, the largest flying car company in Asia. By integrating intelligent vehicles and modern aviation, we are dedicated to creating the safest intelligent electric flying car for individual users. World's first eVTOL flying car Image Credit: World's first eVTOL flying car In the future, we will offer products and solutions in the field of 3D transportation. Established in 2013, the company has accumulated 15,000 safe manned flights. They have won several industrial design awards, including the Red Dot Award, the IF Award, and the IDEA Design Award. XPENG AEROHT raised over US$500 million for its Series A equity financing on October 19, 2021. The financing round was led by IDG Capital, 5Y Capital, and XPeng Inc. comprised of a consortium of renowned investors including Sequoia China and Eastern Bell Capital, GGV Capital, GL Ventures, and Yunfeng Capital. World's first eVTOL flying car Image Credit: World's first eVTOL flying car XPENG AEROHT has more than 700 employees who work hard to develop next-generation products. Among them, more than 85% are R&D and technical personnel, and more than 50% of them are masters and doctors. They mainly come from the automobile industry, aviation, and the Internet. By the end of this year, the number of team members will exceed 1,000.