Chinese EV battery maker CATL invests in flying car developer AutoFlight

Summary

• CATL is investing in AutoFlight, a maker of electric vertical take-off and landing (eVTOL) vehicles
• The investment aims to support the rapid development of China’s low-altitude economy
• Both companies will collaborate on battery research and development for eVTOL vehicles
• AutoFlight is among the early Chinese eVTOL makers, competing with EHang