Tuesday, July 16, 2024

Watch Out Elon: China's Guangdong province to spend $40bn on flying electric vehicle sector

With yesterday's somewhat-opaque explanation of Tesla's robotaxi rollout delay (our comment when the delay was first announced: "Personally I don't really care but with the stock down $17.05 (-6.48%) it's obvious somebody cares. $246.21 last. Tell me more about the Dojo supercomputer and what it's doing, or not doing, for TSLA"): 

Reuters - Musk signals delays to robotaxi unveiling for key design change - it's time to pull this story out of the link-vault as a reminder that the world is not standing still as we anticipate our Jetsons' future.

From Global Construction Review, June 4, 2024:

China to spend $40bn on flying electric vehicle sector

https://www.globalconstructionreview.com/wp-content/uploads/2024/06/car.jpg

 Xpeng Aeroht’s image of its combined ground vehicle and flying unit – the design for which has yet to be finalised

China’s Guangdong province is planning to invest $41.4bn in the emerging “low-altitude economy” over the next 2.5 years.

The phrase refers to the nascent industrial sector focussed on electric airborne vehicles that are expected to enter Pearl River Delta’s urban scene over this decade.

China Daily reported last week that the plan was to build a “world-leading low-altitude economy hub” in Guangzhou, Shenzhen, and Zhuhai....

....MUCH MORE

Like the U.S. passenger railroads in the 1960's and '70's when automobiles and airplanes really started moving people en masse, ya snooze, ya lose.