A joint venture between Volocopter and Aerofugia has ordered 150 Volocopter Aircraft.Courtesy: Volocopter
Key Takeaways:
Germany-based Volocopter has formed a joint venture with Aerofugia, called Volocopter Chengdu, to establish a significant presence in China's eVTOL market.
The agreement includes the purchase of 150 eVTOL aircraft and plans for local manufacturing in China, aiming to launch urban air mobility services within three to five years.
Volocopter views China as the largest single market opportunity for the urban air mobility industry, and this partnership strengthens its global position in developing air taxi services.
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.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
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.
