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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.