Automakers show off flying cars in Shanghai — but Warren Buffett-backed BYD stays clear

CNBC2021-04-22

KEY POINTS At the auto show in Shanghai this week, Chinese electric car start-up Xpeng revealed its second prototype for a flying vehicle the company claims has already undergone eight years of ...

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Comments

OlWestyWin
2021-04-22
OlWestyWin
oh yeah expect to moon soon, months soon
Raar
2021-04-22
Raar
Wow
Jassss
2021-04-22
Jassss
Flying cars? Wow
erichosk
2021-04-22
erichosk
A lot of interesting EVs in the car show.

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The new model resembles a flying car more than the initial version revealed in Beijing in September,which looked more like a human-carrying drone.\nGeely showed off a Volocopter electric-powered “air taxi” for the first time in China at the Shanghai auto show in April 2021.\nXpeng isn’t the only one looking to the skies.\nCompanies including Hyundai, German start-up Lilium, and China-based Ehang are developing flying vehicles that can carry individuals.\nHangzhou, China-based Geely, which owns Volvo, showed off in Shanghai an “air taxi” developed by its joint venture partner Volocopter.\n‘We’re more focused on road transportation’\nOne of the companies’ selling points for flying vehicles is the country’s growing urban street traffic. However, while the level of consumer demand remains unclear, regulation has prevented wider use of flying cars.\nBut there are many ways to fix the problem of street congestion, said Li Yunfei, a spokesperson for BYD, in comments that CNBC translated from Mandarin. “Right now,” he said, “we’re more focused on road transportation.”\nLi said the flying models aren’t all that different from helicopters.\nBacked by investing guru Buffett, BYD sold more than 100,000 cars in the first quarter, more than half of which were new energy vehicles, a category which includes pure electric and hybrid cars.\nThe company announced at the auto show a new version of its electric car operating system that comes with its internally developed “Blade” battery. BYD plans to sell this battery system to third-party automakers and already counts state-owned high-end Chinese car maker Hongqi as customer for the Blade battery, Li said.\nBuyers of BYD’s luxury Han electric car can customize the interior, as shown in this model displayed at the auto show in Shanghai in April 2021.\nLast summer, BYD’s luxury Han sedan became the company’s first car to use the Blade battery. The vehicle has become one of the most popular in the new energy category, ranking third in sales nationwide during the first quarter. Only the Hongguang Mini EV and Tesla’s Model 3 outsold it, according to the China Passenger Car Association’s sales rankings.\nLi said 70% of Han vehicles sold are pure-electric battery-powered models. Beginning this month, BYD said it plans to use the “Blade” battery in all of its pure-electric cars.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":376927269,"gmtCreate":1619082218551,"gmtModify":1704719353531,"author":{"id":"3576842498816961","authorId":"3576842498816961","authorIdStr":"3576842498816961","name":"OlWestyWin","avatar":"https://community-static.tradeup.com/news/93e373a0872ed8b0ff02d477f9c9b1b0","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":1,"idStr":"3576842498816961"},"htmlText":"oh yeah expect to moon soon, months soon","listText":"oh yeah expect to moon soon, months soon","text":"oh yeah expect to moon soon, months soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376927269","repostId":1150137492,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376908338,"gmtCreate":1619076396924,"gmtModify":1704719265828,"author":{"id":"3573476208314738","authorId":"3573476208314738","authorIdStr":"3573476208314738","name":"Raar","avatar":"https://static.tigerbbs.com/f8b70403983a4af7dcce24f5c72f0c50","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573476208314738"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376908338","repostId":1150137492,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376909937,"gmtCreate":1619076144229,"gmtModify":1704719261126,"author":{"id":"3574244375315958","authorId":"3574244375315958","authorIdStr":"3574244375315958","name":"Jassss","avatar":"https://static.tigerbbs.com/a1a74261bc0d795b37c8c963ee5393f0","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574244375315958"},"htmlText":"Flying cars? Wow","listText":"Flying cars? Wow","text":"Flying cars? Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376909937","repostId":1150137492,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376900739,"gmtCreate":1619076131221,"gmtModify":1704719260964,"author":{"id":"3575433293784452","authorId":"3575433293784452","authorIdStr":"3575433293784452","name":"erichosk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575433293784452"},"htmlText":"A lot of interesting EVs in the car show.","listText":"A lot of interesting EVs in the car show.","text":"A lot of interesting EVs in the car show.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376900739","repostId":1150137492,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150137492"}