Hyundai is entering into the flying automobile enterprise

Hyundai Motor Group has launched a brand new air mobility division geared toward creating know-how for the commercialization of flying automobiles, the newest firm to dive into the rising business.

The division will probably be led by Dr. Jaiwon Shin, an aeronautics engineer who most lately led the Aeronautics Analysis Mission Directorate at NASA. Whereas at NASA, Shin oversaw a $725 million program into aeronautics analysis initiatives, reminiscent of a supersonic X-plane, the electrification of plane, UAS visitors administration and concrete air mobility.

The South Korean automaker mentioned the enterprise unit led by Shin will “develop core applied sciences and revolutionary options for protected and environment friendly airborne journey.” Shin’s experience facilities on airframe, engine, aviation security and air visitors administration — applied sciences that Hyundai says will permit it to take a lead within the city air mobility sector.

That city air sector is anticipated to develop right into a market price $1.5 trillion inside the subsequent 20 years, in keeping with Shin.

In fact, there are numerous others pursuing varied sorts of air taxis, together with Uber, Kitty Hawk Corp., Terrafugia and Volocopter, to call just some.

All of those corporations, together with Hyundai, see the flying automobiles as a strategy to clear up the visitors issues on the bottom. Flying automobiles might merely transfer that congestion to the skies, which is why applied sciences round airspace visitors administration — which Shin has expertise in — is simply as essential as creating the plane.