Volocopter and Geely finalised their joint venture company to introduce urban air mobility (UAM) in China.
The new joint venture company will be in Chengdu, China. Chengdu, the capital of Sichuan Province, is a significant economic, cultural and transportation hub in Western China. The company will closely work with the aviation, transportation and government agencies in Chengdu to establish UAM services in the region.
To help the development of UAM services in the region, Geely and Volocopter also signed a contract to order 150 Volocopter aircrafts.