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Japan’s Suzuki to make ‘flying cars’ with SkyDrive
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TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”.
TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”.
The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said in a statement.
SkyDrive will establish a wholly owned subsidiary to make the aircraft and Suzuki will help with preparations for the manufacturing, including securing talent, the automaker said.
Headquartered in the city of Toyota in central Japan, SkyDrive has trading house Itochu Corp, tech firm NEC Corp and a unit of energy company Eneos Holdings Inc among its main shareholders.
The two companies signed a deal in March last year to team up in research, development and marketing of flying cars.
(Reporting by Satoshi Sugiyama; editing by Robert Birsel)
An electric vertical take-off and landing (eVTOL) aircraft is a type of aircraft that uses electric power to take off, land, and fly vertically, making it suitable for urban air mobility and reducing the need for traditional runways.
A subsidiary is a company that is controlled by another company, known as the parent company. The parent company owns a majority of the subsidiary's shares and has significant influence over its operations.
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