AutoFlight

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 - 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐨𝐫 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐀𝐮𝐭𝐨𝐅𝐥𝐢𝐠𝐡𝐭 𝐚𝐧𝐝 𝐂𝐀𝐓𝐋 𝐬𝐢𝐠𝐧 𝐚 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐜𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐨𝐫𝐭𝐡 𝐡𝐮𝐧𝐝𝐫𝐞𝐝𝐬 𝐨𝐟 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐨𝐟 𝐝𝐨𝐥𝐥𝐚𝐫𝐬 - AutoFlight announced today an exclusive strategic investment and cooperation agreement with leading battery developer CATL (Contemporary Amperex Technology Co., Limited) - CATL will invest hundreds of millions of dollars, becoming a strategic investor in the eVTOL pioneer - AutoFlight’s founder and chairman, Tian Yu, along with CATL and investor Team Global, will collaborate to support AutoFlight’s development SHANGHAI (3 August, 2024): AutoFlight and CATL today announced an exclusive strategic investment and cooperation agreement, valued in the hundreds of millions of dollars, bringing together pioneers in eVTOL (electric vertical take-off and landing) and battery technology in a unique partnership. CATL’s exclusive strategic investment in AutoFlight underscores its strong recognition of its core competitiveness and the long-term development potential in the eVTOL field. As a global leader in battery technology and innovation, CATL holds a dominant position among new energy battery suppliers. Its deep R&D expertise, robust industrial foundation, and extensive industrial chain advantages will help AutoFlight achieve significant breakthroughs in the eVTOL sector. AutoFlight will establish a long-term partnership with CATL, committing to the joint research and development of eVTOL aviation batteries. By combining their respective resources and technical expertise, the two companies will focus on enhancing the energy density and performance of eVTOL batteries, aiming to support longer flight distances and higher load capacities, while also achieving significant improvements in safety and stability. Through this in-depth collaboration with CATL, AutoFlight will not only accelerate the development and application of eVTOL battery technology but also elevate the overall technical capabilities of eVTOL aircraft to new heights. Following the completion of this financing, AutoFlight will remain committed to the in-depth research, development, and widespread application of eVTOL technology, with a focus on further enhancing the safety and reliability of air logistics and travel solutions. The company will expedite the R&D and airworthiness certification of its manned Prosperity passenger aircraft, while collaborating with leaders in the new energy sector to advance the R&D, commercialization, and market expansion of eVTOL technology, ultimately creating a more comprehensive and intelligent air travel solution. (Photo Caption: Leo CHEN, from CATL Investment Management Department, and Jade WEI, Chief Financial Officer of AutoFlight, signed the strategic investment agreement on behalf of both parties.) 

𝐀𝐮𝐭𝐨𝐅𝐥𝐢𝐠𝐡𝐭 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐬 𝐦𝐚𝐢𝐝𝐞𝐧 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐚𝐢𝐫-𝐭𝐚𝐱𝐢 𝐟𝐥𝐢𝐠𝐡𝐭 𝐚𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐘𝐚𝐧𝐠𝐭𝐳𝐞 𝐑𝐢𝐯𝐞𝐫 • 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐩𝐢𝐨𝐧𝐞𝐞𝐫 𝐮𝐧𝐯𝐞𝐢𝐥𝐬 𝐚 𝐟𝐫𝐞𝐬𝐡 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐨𝐧 𝐥𝐨𝐰-𝐚𝐥𝐭𝐢𝐭𝐮𝐝𝐞 𝐭𝐫𝐚𝐯𝐞𝐥 𝐚𝐧𝐝 𝐬𝐢𝐠𝐡𝐭𝐬𝐞𝐞𝐢𝐧𝐠 • 𝐃𝐞𝐦𝐨𝐧𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐦𝐚𝐫𝐤𝐬 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐜𝐫𝐨𝐬𝐬-𝐘𝐚𝐧𝐠𝐭𝐳𝐞 𝐑𝐢𝐯𝐞𝐫 𝐟𝐥𝐢𝐠𝐡𝐭 𝐛𝐲 𝐚 𝐭𝐨𝐧𝐧𝐞-𝐜𝐥𝐚𝐬𝐬 𝐞𝐕𝐓𝐎𝐋 On August 1, AutoFlight’s 2-ton eVTOL (electric vertical take-off and landing) aircraft completed its inaugural cross-Yangtze River flight. The journey began at the Nanjing unmanned aerial vehicle (UAV) base in Pukou District, Nanjing, where the aircraft took off, flew over the Yangtze River, circled along the river, and then returned to the base. The flight covered a distance of 25kms and the flight took 10 minutes. This flight marked the first cross-Yangtze River journey by an eVTOL weighing over one ton, offering a glimpse into the future of low-altitude travel and cultural tourism in the historic city of Nanjing. As a key transportation hub on the Yangtze River, Nanjing is one of China’s major economic centers. Despite several bridges spanning the Yangtze River, the natural barrier still affects some cross-river travel. For instance, the 5.5km straight-line distance between Nanjing UAV Base and Yuzui Wetland Park requires a 20km drive that takes 25 minutes. However, an eVTOL aircraft can cover this distance in just 5 minutes, cutting travel time by 80%. Nanjing, an ancient capital of the Six Dynasties, is known for its scenic spots but also its traffic congestion. During holidays, traffic delays around popular attractions can make travel 10 times slower than normal. The introduction of eVTOL aircraft offers a solution, easing road congestion while providing tourists with aerial views of the historic city, enhancing both convenience and the sightseeing experience. Despite the presence of 29 central cities along the Yangtze River, many areas remain hard to reach. eVTOL cross-river flights provide an efficient and convenient travel solution, transforming the Yangtze from a natural barrier into a thoroughfare. #evtol #electricaircraft #aam #aviation #futuremobility #feelthefreedom

Here are some highlight picture of our recent fligth at Yangtze River #aviator #evtol #airtaxi #aviationnews

AutoFlight in Japan: MASC, a non-profit organization promoting the aerospace industry in Japan has announced the launch of its Setouchi Community AAM Infrastructure 2028 (SCAI28) project which, in cooperation with AutoFlight and other partners, aims to advance commercialization of advanced air mobility (AAM) in Japan’s Setouchi region stretching from Osaka to Kita Kyushu. “A project launch ceremony was recently held for the SCAI28 project at Kounan Airport in Okayama, where MASC displayed its recently purchased Autoflight prototype CarryAll aircraft and welcomed nearly 100 AAM industry and civic leaders, including Okayama Prefecture governor Ryuta Ibaragi... AutoFlight will support SCAI28 in its capacity as vehicle manufacturer, with an eye toward AAM commercialization.” 🎉🚀🎉 https://lnkd.in/eS5zGB-X

AutoFlight holds successful Prosperity certification review meeting with CAAC On June 5-6, AutoFlight conducted its first comprehensive model review meeting of the type certification for the Prosperity 5-seater passenger aircraft at its Kunshan manufacturing centre, near Shanghai. The successful meeting marked a key milestone in the certification process. The joint review team included the Civil Aviation Administration of China (CAAC) East China Regional Administration, the Civil Aviation Administration of Jiangxi and Shandong, the Civil Aviation University of China, the Civil Aviation Management Cadre College, as well as relevant experts and the AutoFlight leadership team. The certification process for AutoFlight’s Air Taxi Prosperity commenced in April 2024. Earlier this year, AutoFlight’s CarryAll cargo eVTOL obtained the Type Certificate (TC) issued by the CAAC, becoming the world’s first ton-level eVTOL aircraft to be awarded the TC. Prosperity is equipped with a pure electric propulsion system, has a maximum take-off weight of 2,200 kg, and features a 5-seat cabin design. Its ‘lift and cruise’ wing configuration allows for vertical take-off, similar to a multi-rotor aircraft or helicopter. Once in flight mode, it transitions to fixed-wing flight for horizontal cruising. With its versatility in take-off and landing, efficiency, convenience, and environmental safety, it stands as an ideal choice for Air Taxis. The eVTOL aircraft will be utilised for point-to-point air travel within cities and intercity areas, with the objective being to ultimately offer pricing similar to ground-based car services. #evtol #electricaircraft #aam #aviation #futuremobility #feelthefreedom

China may become the first country with drone and #AirTaxi technology after a successful test flight last month at Shanghai Pudong International Airport. In a world of unmanned drones and AI-driven package delivery services, airborne private vehicles have still been regulated to the realm of science fiction – until now. Shanghai-based aviation technology firm AutoFlight completed the first successful test flight of a two-tonne electric vertical take-off and landing (eVTOL) aircraft recently and has now gained approval for an airworthiness application from the Civil Aviation Administration of China. More at #Proactive #ProactiveInvestors #TechBytes #Aerospace #FlyingCar #FlyingEV http://ow.ly/TR8l105uxCc

AutoFlight has successfully completed a flight test of its V2000CG Carry All, the autonomous cargo version of the two-ton Prosperity eVTOL.  The flight took place on May 13, 2024, at Shanghai Pudong International Airport (PVG), in China. It is the first real flight test of an eVTOL of this size at a Class 4F airport, the category that designates the largest airports, those capable of handling all types of aircraft. Read more at: https://lnkd.in/gV7zZ5nH #AviationTalk #aviationnews #avgeek #aviation

AutoFlight has completed an autonomous cargo eVTOL flight at Shanghai Pudong, a first for an airport of this size.

AutoFlight’s CarryAll has completed a chartered flight at Pudong International Airport in Shanghai, marking the first test flight of a ton-class eVTOL aircraft at a 4F-class airport.  🎉🚀🎉 In the future, thanks to eVTOL technology, traveling from Pudong Airport to the Bund and other downtown areas of Shanghai will only take 10 minutes, a significant reduction from the current 60-90 minute journey using conventional transportation methods. #evtol #electricaircraft #aam #aviation #futuremobility #feelthefreedom

AutoFlight Prosperity's first flight outside China undertaken in the UAE. "With approval from the General Civil Aviation Authority (GCAA) of the UAE, the aircraft accomplished its first flight covering a distance of 123 kilometers. It maintained an endurance of 41 minutes on a single charge, with 44 percent of battery capacity remaining upon landing." https://lnkd.in/dwUqbzkK