Hyundai becomes the first mainstream automaker to launch its own flying car division.
Hyundai now has an official air mobility division designed to develop flying cars. Granted, the division will first need to develop the technology needed to fly around in your Elantra.
Although the idea may seem ludicrous, Hyundai is very serious about the new division. They have hired Dr. Jaiwon Shin, an aeronautics engineer who managed research initiatives and a $725 million budget at NASA in the Aeronautics Research Mission Directorate division.
According to Hyundai, its air mobility division’s objective will be to “develop core technologies and innovative solutions for safe and efficient airborne travel.”
The urban air environment will become a $1.5 trillion market in the next two decades, and Hyundai’s new flying car division hopes to get a head start on getting a piece of the pie. Hyundai, like many other companies, believe that flying cars are the solution to urban trafic problems. Uber, Kitty Hawk Corp and Terrafugia are a few examples of companies developing the first flying cars.