Leading urban air mobility (UAM) company Volocopter has taken a major step toward establishing itself as a future air taxi presence in China. It’s finalized a joint venture agreement with an affiliate of Chinese automotive heavyweight and Volvo owner Geely. The deal also seals the sale of 150 of the German manufacturer’s aircraft.
This week, Bruchsal-based Volocopter announced the its joint venture agreement with Geely’s aviation subsidiary, Aerofugia. The agreement creates a corporate structure focused on introducing UAM in China and expanding its reach and implantation across the vast market. As part of that, the shared company will purchase 150 Volocopter aircraft for use in developing and promoting air taxi and other UAM services. It will be operated out of Chengdu, the capital of Sichuan Province.
Baptized Volocopter Chengdu, the company is expected to work with regional and national aviation, transportation, and government agencies to accelerate the…
