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AutoFlight & CATL: Strategic Investment and Cooperation for Air Taxis
In early August, AutoFlight and CATL announced a strategic investment and cooperation agreement worth hundreds of millions of dollars, bringing together pioneers in the fields of eVTOL (electric vertical take-off and landing) and battery technology in a partnership.
Partnership for the Development of Flight Batteries
AutoFlight will enter into a long-term partnership with CATL and commit to the joint research and development of eVTOL flight batteries.
CATL will become a strategic investor in the eVTOL pioneer by investing hundreds of millions of dollars. AutoFlight's founder and chairman, Tian Yu, will collaborate with CATL and the investor Team Global to support the development of AutoFlight.
Merger of Resources
By pooling their respective resources and technical know-how, the two companies will focus on improving the energy density and performance of eVTOL batteries to support longer flight distances and higher load capacities while achieving significant improvements in safety and stability.
Through this intensive collaboration with CATL, AutoFlight will accelerate the development and application of eVTOL battery technology, and advance the overall technical capabilities of eVTOL aircraft.
Safety and Reliability for Air Logistics
Upon completion of this financing, AutoFlight will continue to commit to deep research, development, and broad application of eVTOL technology, with a focus on further enhancing the safety and reliability of air logistics and travel solutions.
The company will accelerate the R&D and airworthiness certification of its manned Prosperity passenger aircraft while collaborating with leading companies in the new energy sector to advance the research and development, commercialization, and market expansion of eVTOL technology, ultimately creating a more comprehensive and intelligent solution for air transportation.
World's first intercity eVTOL air taxi flight
AutoFlight, a global high-tech startup company dedicated to the advancement of electric aircraft for logistics and urban air mobility solutions, is at the forefront of innovations in the electric air taxi landscape.
Recent achievements include setting world records for flight distances with a single battery charge (250.3 km), conducting a formation flight of three autonomous eVTOL aircraft, completing the world's first intercity eVTOL air taxi flight from Shenzhen to Zhuhai in February 2024, and the first long-distance flight (123 km) of a tonne-class eVTOL in the Middle East in May 2024, and in August 2024 a maiden flight over the Yangtze River showcasing novel applications for low-altitude travel and sightseeing.
The CarryAll cargo aircraft by AutoFlight received type certification (TC) from the CAAC in March 2024, while the TC process for the passenger version Prosperity officially began in April 2024.
Logistics and passenger aircraft
To date, AutoFlight has conducted more than 10,000 eVTOL flights. Supported by the European tech holding company Team Global, founded by Lukasz Gadowski, AutoFlight is a key player in the development of eVTOL technology and has a diverse product range that includes large logistics aircraft and passenger aircraft.
The in-house development of essential components, including composite airframes, electric motors and controls, as well as affordable avionics, demonstrates the vertical integration and commitment of the company, which is working to push the boundaries of urban air mobility.
Translated automatically from German.
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