·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
 
China's Geely buys U.S. flying car maker
 
Date:2017-11-14  Source:Xinhua

HANGZHOU, Nov. 14 (Xinhua) -- Zhejiang Geely Holding Group has announced it will acquire all operations and assets of Terrafugia Inc, a U.S.-based flying car developer.

Geely did not disclose the volume of the deal, which has received approval from all relevant regulators in the United States, it said in a statement Monday.

Geely has promised investment in Terrafugia to make the flying car a reality.

Founded in 2006, Terrafugia aims to deliver its first flying car to the market in 2019 and release the world's first flying car with vertical take-off and landing by 2023.

With more than 60,000 employees worldwide, Geely sold more than 1.3 million vehicles in 2016, with Volvo Car sales exceeding 530,000.

   Print   To Top    Close  
0

Related Articles

ASEAN leaders laud "positive developments" in ASEAN-China ties
China national gene bank to build new research base in central China
China, ASEAN to formulate strategic partnership vision toward 2030
East China hosts more German companies
China's "new third board" records turnover growth
Online shopping spree sees 331 mln packages on Singles' Day
Unique Chinese jade collection on show in Jilin
E-commerce boom highlights robust China consumption
China's new energy vehicle sales double in October
High-tech helps spot distracted driving in SW China city
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280