Wanfeng Aowei and its partners jointly established a joint venture to promote the development of the eVTOL field

Wanfeng Auto announced that its subsidiary Wanfeng Aircraft will sign a memorandum of understanding with its partners to jointly establish a joint venture company focusing on the research and development and manufacturing of electric vertical take-off and landing aircraft (eVTOL). The two parties will carry out in-depth cooperation in multiple fields, including eVTOL prototype development, battery systems, industrial design, etc. Wanfeng Auto said that this will help the company achieve new breakthroughs in the eVTOL field and become a new business growth point for the company.