October 26, 2021: -HT Aero, an affiliate of Chinese electric vehicle maker Xpeng, publicized a flying cars on Sunday that says it can also drive on roads.

The company says it plans a rollout in 2024. The car is not yet commercially available. And HT Aero said the final design might change.

The company said that HT Aero’s vehicle would have a lightweight design and a rotor that folds away. That will allow the car to drive on roads and then fly once the rotors are expanded.

The vehicle will have several safety features, including parachutes, the company said.

Xpeng and its founder He Xiaopeng back HT Aero. The company raised $500 million last week from several outside investors, including high-profile venture capital firms.

Flying cars, also called electric vertical take-off and landing vehicles, have garnered much interest from automakers and start-ups.

However, there are several challenges for those vehicles to be used widely, including regulation and safety issues.

HT Aero’s new land and air vehicle were introduced at Xpeng’s Tech Day, where the company also took the wraps of the latest version of its advanced driver assistance system called Xpilot 4.0.