Get the latest tech news
Chinese Flying Taxi Sector Claims Global Lead Thanks To Regulatory Support
A Shanghai flying taxi company says that China's "low altitude" industry is edging ahead of western rivals, thanks to more supportive regulators, technological breakthroughs and cut-throat competition in the Chinese logistics sector. From a report: The total market created by electric vertical take-...
A Shanghai flying taxi company says that China's "low altitude" industry is edging ahead of western rivals, thanks to more supportive regulators, technological breakthroughs and cut-throat competition in the Chinese logistics sector. From a report: The total market created by electric vertical take-off and landing, or eVTOL, aircraft is forecast to be worth $1.5tn a year by 2040 in a base-case assessment by Morgan Stanley analysts, with potential customers across airlines, logistics, emergency services, agriculture, tourism and security operations. Analysts point to a labyrinth of regulatory and safety hurdles, but supporters say the technology could fundamentally reshape how humans travel and freight is moved, in a level of disruption akin to the introduction of mass-market cars and commercial airlines.
Or read this on Slashdot
