'Air taxi' company Fengfei Airlines received hundreds of millions of dollars in exclusive investment from CATL and completed its first flight across the Yangtze River

This site reported on August 3 that CATL and Fengfei Airlines signed a strategic investment and cooperation agreement today. Ningde Times exclusively invested hundreds of millions of dollars in Fengfei Airlines (this site’s note: the specific amount has not been announced yet).

Fengfei Aviation announced the establishment of a long-term cooperative relationship with CATL to jointly promote the development of eVTOL (electric vertical take-off and landing aircraft) aviation batteries.

The two parties will make full use of their respective resources and technological advantages to focus on improving the energy density and performance of eVTOL batteries, extending the flight distance and increasing load capacity of eVTOLs, while greatly improving safety and stability.

After the financing is completed, Fengfei Aviation will continue to be committed to the in-depth research and development and widespread application of eVTOL technology, further improve the safety and reliability of air logistics and air travel solutions, and accelerate the research and development of the manned version Shengshilong and airworthiness certification work.

1. Just at the beginning of this month, the Shengshilong eVTOL electric vertical take-off and landing aircraft of Fengfei Aviation just completed its first flight across the Yangtze River. It took off from the Nanjing UAV Base in Pukou District, Nanjing, flew over the Yangtze River and circled along the river. Return to the base, the flight distance is 25 kilometers and the round-trip flight time is 10 minutes. Take the Nanjing UAV Base to Yuzui Wetland Park on the other side as an example. The straight-line distance between the two places is not long, but the

ground drive is 20 kilometers long and takes 25 minutes
2. . The one-way straight-line flight by Shengshilong It only takes 5 minutes, saving 80% of time.

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