Japanese automaker Suzuki Motor Corp (7269.T) stated on Tuesday it had reached an settlement with SkyDrive Inc to make “flying cars”.
The businesses will use a Suzuki Group manufacturing facility in central Japan to make electrical vertical take-off and touchdown (eVTOL) plane and intention to start manufacturing by round spring subsequent 12 months, Suzuki stated in a press release.
SkyDrive will set up a completely owned subsidiary to make the plane and Suzuki will assist with preparations for the manufacturing, together with securing expertise, the automaker stated.
Headquartered within the metropolis of Toyota in central Japan, SkyDrive has buying and selling home Itochu Corp (8001.T), tech agency NEC Corp (6701.T) and a unit of power firm Eneos Holdings Inc (5020.T) amongst its fundamental shareholders.
The 2 firms signed a deal in March final 12 months to group up in analysis, improvement and advertising of flying automobiles.