Stellantis beefs up commitment to electric flying vehicle company Archer Aviation
Publishing timestamp: 2023-01-04 17:48:53
Summary
Stellantis is investing up to $150 million in Archer Aviation, an electric flying vehicle company, over the next few years. Stellantis will assist in Archer's manufacturing process for its "Midnight" model and the electric flying cars are projected to be available for commercial use by 2025. Major airlines and producers like Boeing, Hyundai, and NASA are also experimenting with their own designs. United Airlines has already ordered 100 of Archer's electric air vehicles and invested $10 million in the startup.
Sentiment: POSITIVE
Keywords: climate, electric vehicles, business, archer aviation inc, dj am, autos, business news, stellantis nv, transportation,
Source: https://www.cnbc.com/2023/01/04/stellantis-archer-aim-to-deliver-electric-flying-cars-by-2025.html