According to Xinhua News Agency, the new company is a subsidiary of Geely Technology Group, said Aerofugia CEO Jing Chao.
According to him, future trends in the aviation industry are pure electrification, vertical take-off and landing, automated driving. Flying cars and UAVs will develop in these directions.
The merger of companies will contribute to technological exchange, increase product reliability and R&D efficiency, reduce costs, Jing added.
According to the CEO, the companies will unite their development teams, preserving the original brands for future UAVs.
Photo: from open sources