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Chinese EV firm Xpeng Aeroht's $1,40,000 car can fly over traffic jams

"The flying car is approaching reality and we think it was the right time to chip in," Brian Gu, Xpeng's president, said on the sidelines of the Dubai event, called GITEX

Cars, Traffic, Automobile
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Investors want to find “the Tesla of the flying car industry,” said Zhang Junyi, a partner at consultancy Oliver Wyman. | Photo: Bloomberg

Jane Zhang | Bloomberg
he crowd of hundreds roared in Mandarin as the gull-winged two-seater aircraft rose and hovered roughly 30 meters (100 feet) above their heads, before smoothly lowering back down to earth. “Make us Chinese proud in Dubai!” several of the more enthusiastic shouted in unison.
 
In the past months, China’s Xpeng Aeroht has staged two maiden public flights for its aircraft. The 90-second exercise near Dubai’s iconic Palm Jumeirah island in October was followed by another in Guangzhou, China — landmarks for the startup backed by electric-vehicle maker Xpeng Inc. The EV firm’s billionaire founder He Xiaopeng and other backers are