In a strategic move to strengthen its presence in the emerging air taxi market, Stellantis has committed up to $370 million to support the production of air taxis by Archer Aviation. This substantial investment will specifically target the manufacturing of Archer’s Midnight aircraft, with production targets set at approximately 650 units annually.
In a groundbreaking move poised to redefine urban air mobility and the low-altitude economy in North China, EHang Holdings Limited, a pioneer in the field, has announced a significant partnership with Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. This collaboration not only underscores the rapid advancements in pilotless electric vertical takeoff and landing (eVTOL) technology but also marks a substantial investment aimed at transforming the aerial tourism and passenger transportation sectors in Taiyuan City, Shanxi Province.