U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyund...
) plan to jointly develop electric air taxis, they said on Monday, joining the race for flying cars to ease urban congestion.
Uber has pledged to begin demonstrator urban flights in 2020 and commercial operations in 2023 as part of its project, which also counts Boeing subsidiary Aurora Flight Sciences as one of its partner firms. Hyundai is the first carmaker to team up with Uber on the project. Plane makers, car manufacturers and technology firms are jumping into the flying car segment designed to address urban congestion, although significant technological and regulatory hurdles remain to be addressed.
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