XPENG Aeroht secures £130 million loan for ‘flying car’ factory
China advanced air mobility and road vehicle producer XPENG Aeroht is one step closer to mass-producing its modular ‘Land Aircraft Carrier’, with a ¥1.26 billion (£130 million) syndicated loan to support the construction of its upcoming production facility. This is scheduled for completion in Q3 2025.
This follows a ground-breaking ceremony at its site on Guangzhou, China, in October 2024. With an initial footprint of approximately 180,000 square metres and four major workshops, the company claims it will be the first of its kind to “apply advanced assembly line processes for large-scale flying car production”.
“One step closer to delivery!” wrote the company in a social media post, adding that the loan represents the “largest syndicated loan ever for flying car manufacturing worldwide”. Although the term ‘flying car’ is somewhat debated within the AAM community (with many companies differentiating their upcoming airborne mobility products as ‘flying taxis’ rather than implying a roadworthy car actually flies), the money will doubtless represent a significant step forward in XPENG Aeroht’s much-anticipated “era of mass production”.
At the site’s inauguration, XPENG Aeroht founder Zhao Deli commented: “This manufacturing base adheres the principles of exquisite, intelligence, and green, establishing a global benchmark for flying car production”.
Part of the XPENG Motors ecosystem, XPENG Aeroht bills itself as “the largest flying car company in Asia” and is “committed to creating safe, intelligent low-altitude mobility products, such as flying cars, for a variety of user needs”. Its modular vehicle pairs a six-wheeled, road-worthy vehicle with a multicopter-configured aerial craft, carried in the rear of the car and automatically deployed within five minutes.
The aircraft – which its manufacturers say will offer both manual and autonomous flight modes – made its first public flight at China International Airshow last November. “The innovative single-stick control system allows users to master manual control within five minutes and reach expert proficiency within three hours,” revealed XPENG Aeroht. Deliveries are expected to begin in 2026.
