JavaScript is off. Please enable to view full site.

Japan's Suzuki, SkyDrive sign deal to develop, market 'flying cars'

Japan's Suzuki, SkyDrive sign deal to develop, market 'flying cars'

Tuesday, March 22, 2022, 17:15 GMT+7
Japan's Suzuki, SkyDrive sign deal to develop, market 'flying cars'
An attendee checks out a zero-emissions SkyDrive flying car during CES 2022 in Las Vegas, Nevada, U.S. January 6, 2022. Photo: Reuters

Japanese automaker Suzuki Motor Corp and 'flying car' firm SkyDrive Inc said on Tuesday they have signed a deal to team up in research, development and marketing of electric, vertical takeoff and landing aircraft.

In a joint statement, the two companies said they will also work to open up new markets with an initial focus on India, where Suzuki has a roughly half share of the auto market.

Suzuki announced on Sunday it plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles and batteries. 

The companies didn't disclose details of investments in their partnership, nor outline any production timetable or target.

Founded in 2018, Tokyo-headquartered SkyDrive counts big Japan businesses like trading house Itochu Corp, tech firm NEC Corp and a unit of energy company Eneos Holdings Inc among its main shareholders. In 2020 it raised 5.1 billion yen ($42 million) in total in Series B funds, according to its website.

SkyDrive is currently engaged in the development of a compact, two-seating electric-powered flying car with plans for full-scale production. The statement did not say whether Suzuki would be working on this specific vehicle.

The company, which is also developing cargo drones, aims to launch a 'flying car' service in Osaka in 2025 when the Japanese city hosts the World Expo.

For Suzuki, the partnership will add 'flying cars' as a fourth mobility business, in addition to automobiles, motorcycles and outboard motors, the statement said.

Reuters

More

Read more

S.Korea says THAAD missile system is means of self-defence - News1

South Korea's presidential office said on Thursday the U.S. THAAD missile defence system stationed in the country is a means of self-defence, News1 reported, after Beijing demanded Seoul not deploy additional batteries and limit the use of the existing ones

20 hours ago
;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news

S.Korea says THAAD missile system is means of self-defence - News1

South Korea's presidential office said on Thursday the U.S. THAAD missile defence system stationed in the country is a means of self-defence, News1 reported, after Beijing demanded Seoul not deploy additional batteries and limit the use of the existing ones