As children, we had assumed that by now everyone would be zooming around in flying cars, only to have our expectations crushed as we grew up by the cruel reality of logistics. However, if anyone can make this fantasy come to fruition, surely it has to be China, which has a reputation for experimenting with outside-the-box transport options.
On Monday, Chinese automaker Geely announced that it had acquired Boston-based Terrafugia, the world’s first flying car maker. Under the agreement, Geely, which also owns Volvo, will provide considerable financial and research support to the US startup, helping it to triple the size of its engineering team and set up a new research institute in Hangzhou
Founded in 2006 by MIT graduates, Terrafugia has produced several different street-legal flying vehicle prototypes over the years, but has yet to find a way to make the cars commercially viable.
But with Geely’s support, engineers are now aiming to mass produce flying cars by 2019, perhaps in China.
We’re not sure if this news is more exciting… or terrifying.