Wildly expensive and with unproven demand, venture capitalists, automakers and aerospace firms are racing for a piece of what soon may be a $1 trillion market.

Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook Xpeng-backed startup aims for flying car production by 2025. Credit: Xpeng Xpeng Motors will spend ...

Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition in the world’s largest electric vehicle (EV) market intensifies.