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Xpeng to Rollout EV That Can Fly

With electric vehicles (“EVs”) poised to take over the roads as several countries work to cut down on their carbon emissions, carmakers have given their all to develop EVs. More than a decade since the Tesla Roadster catapulted EVs into the mainstream, the market has plenty of electric vehicle models, including smaller ones with limited range, larger versions filled with all kinds of gadgets, and even high-concept EVs such as a 1,000-mile solar-powered car. A company with connections to a major Chinese player has now announced that it is working on a groundbreaking electric car with the ability to fly.

Yes, you heard that: an EV that can take off into the skies like something straight out of a sci-fi movie. After raising $500 million in Series A funding, HT Aero, an urban air mobility (“UAM”) company affiliated with Chinese EV maker Xpeng Motors, has announced that it will roll out a “fully integrated flying vehicle and automobile” as its next-generation…

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NOTE TO INVESTORS: The latest news and updates relating to Net Element (NASDAQ: NETE) are available in the company’s newsroom at http://ibn.fm/NETE

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