Cashed-up HT Aero promises street-legal flying supercar in 2024

XPeng affiliate HT Aero has unveiled an outrageous flying car design that it claims is “planned for roll-out in 2024.” It looks like an electric Bugatti hypercar with a pair of huge, auto-folding props in the style of the Bell-Boeing V-22 Osprey.

Xpeng is a seven-year-old Chinese electric car company that’s growing fast, pulling in somewhere around US$2 billion in revenue this year and shipping somewhere around 50,000 cars. It’s investing heavily in autonomy and charging infrastructure, while rolling out cars like the P7 that offer more range than Tesla’s Model 3, at a cheaper price.

It’s also getting serious about urban air mobility. Last week, its “affiliate” eVTOL company HT Aero announced it had raised more than half a billion US dollars in a single funding round. According to the AAM Reality Index, this staggering figure would make HT the fifth best-funded eVTOL company in the world.

Large biscuits indeed – more than three times the cash eHang is allegedly working with. There…