European flying car technology purchased by a Chinese company: report
The technology used in a BMW-powered flying car that had successful test flights in Europe has been acquired by a Chinese company.
The AirCar is a four-wheeled, two-passenger flying automobile that was created in Slovakia. It can be converted into a road-legal vehicle in less than three minutes.
The AirCar has a retractable wing design akin to a switchblade, a telescoping tail, and a pusher propeller. It was created by Klein Vision co-founder Anton Zajac and professor Stefan Klein. It can go up to 8,200 feet, or around 600 miles, at a time.
According to Klein Vision, Hebei Jianxin Flying automobile Technology Company, with its headquarters located in Cangzhou, has acquired the technology behind the flying automobile.
The company acquired the only authority to produce and operate AirCar aircraft within a certain region. The business previously acquired another Slovak aircraft manufacturer, and since then it has constructed its own airfield and flight school.
The development of the prototype was said to have cost $2.3 million, but it is unknown how much Hebei Jianxin paid for the technology.
According to a statement from Klein Vision, "the deal, finalized for an undisclosed amount, marks a strategic move in the advancement of innovative mobility solutions."
"With this license, KleinVision's state-of-the-art technology will only be used by the Chinese business to produce and market approved flying cars in a designated geographic area. The Jianxin Group is prepared to use this innovative technology to completely rewrite Chinese transportation norms."
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