A joint venture between Volocopter and Aerofugia has ordered 150 Volocopter Aircraft.Courtesy: Volocopter
Key Takeaways:
Germany-based Volocopter has formed a joint venture, Volocopter Chengdu, with Aerofugia in China to enter what it considers the world's largest eVTOL market.
The agreement involves Volocopter selling 150 eVTOL aircraft and establishing local manufacturing for additional aircraft and parts in China.
This strategic partnership aims to bring urban air mobility services to China within three to five years, positioning Volocopter for significant global expansion.
Germany-based Volocopter has reached an important agreement aimed at tapping into what could be one of the world’s largest eVTOL markets: China.
On Wednesday, Volocopter announced a joint venture agreement with Aerofugia to buy 150 eVTOL aircraft and to manufacture additional aircraft and parts in China.
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Thom is a former senior editor for FLYING. Previously, his freelance reporting appeared in aviation industry magazines. Thom also spent three decades as a TV and digital journalist at CNN’s bureaus in Washington and Atlanta, eventually specializing in aviation. He has reported from air shows in Oshkosh, Farnborough and Paris. Follow Thom on Twitter @thompatterson.
