XPeng (HKG:9868) completed trialing its flying car in Changde City, Hunan Province, China, according to a Xinhua report on Thursday.

The Land Aircraft Carrier flew up to 40 meters and performed a trans-lake flight, the report said.

The flying car has an air module, known as electric vertical takeoff and landing or eVTOL, and a ground module, which is an electric vehicle, the report said.

XPeng's shares dropped over 3% in recent trade.