Geely’s plan to acquire Terrafugia, a US flying car startup, received US approval. Terrafugia's first flying car Transition This article is from Terrafugia's official website Recently, sources close to Geely Holding Group told Xinhua that the acquisition of Terrafugia, a US flying car startup, by the Geely Holding Group had been approved by the relevant U.S. authorities. Terrafugia's first flying car Terrafugia official website shows that the company was founded in 2006 and the founder graduated from MIT. The company's product, Transition, is the world's first operational, practical flying car that can run on the ground and fly to heaven, driving on gasoline, folding wings, and direct parking garages. In July of this year, the South China Morning Post stated that the Geely Holding Group’s acquisition of Terrafugia was launched in 2016 and the amount was not yet clear, and Geely did not comment. At that time, it was reported that because of the cutting-edge technology of flying cars, Geely’s acquisition of Terrafugia not only required the approval of the Federal Aviation Administration of the United States, but also required the approval of the US Department of Defense. The above-mentioned sources close to Geely Holding Group told Xinhua that the acquisition of Terrafugia is not a whim, and Geely Automobile sees the acquisition of a flying automobile company as a strategic opportunity. Just like three or five years ago, people thought that unmanned driving technology was in place in the foreseeable future. With the research and policy support from automobile manufacturers and government agencies, and the more mature mature driverless technologies, flying cars meet market demands and help improve urban traffic. The situation is very promising. The US technology website CNET commented that considering the traffic situation in China, flying cars or breaking traffic opportunities, if this idea is realized, Geely as the first company to get involved in this field will have a great advantage. The above sources added that Terrafugia's products have met the regulations of the U.S. authorities and are expected to be available for sale in the US in 2019. Previously, analysts had predicted that the amount of acquisition of the flying car project would cost several billion yuan. The above-mentioned person close to Geely said that the purchase amount was only a few hundred million yuan, and there was no rumors of such exaggeration. According to the British Daily Mail, in 2016, the Federal Aviation Administration (FAA) approved Terrafugia’s “street-legal aircraft†license last year, certifying its products as light sports. Light sport aircraft. Terrafugia's official website shows that in 2009 the company released the first flying car Transition and upgraded it in 2012. Transition has a folding wing and weighs approximately 1300 pounds. It has a fixed landing gear, 2 crew members (including the driver), a cruising speed of 160 km/h, a cruising range of 640 km, and a maximum flying height of 10,000 feet. 3048 meters.) In addition, the Transition is equipped with a series of main and passive safety devices such as airbags, pre-tensioned seat belts and collision crumple zones, as well as parachutes for emergency landing of vehicles. According to the Daily Mail, a pilot with a sports pilot's license can train a flying car transition only after 20 hours of training. Terrafugia official website said that in the next three years will be the vehicle before the delivery of the design and compliance testing, the current opening of the reservation channel, play $ 10,000 can be scheduled for a flying car Transition. In addition to the flying car transition, Terrafugia also introduced the concept of future traffic called TF-X(TM), a purely electric flying car that can take off and land vertically and be controlled by a computer. Not just Geely. According to a report from Reuters on August 1, Germany's Volocopter Company stated that it has obtained 25 million euros (about 200 million yuan) in funds for the development of electric flying taxis. Daimler is one of the newest investment companies. Volocopter is developing a five-seat VTOL aircraft designed to tackle the sky taxi market and plans to test it in the fourth quarter of 2017.
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