China’s GOVY expects flying car industry to scale rapidly this decade

China’s GOVY Technology, backed by Guangzhou Automobile Group (GAC), plans to begin commercial passenger electric vertical take-off and landing (eVTOL) flights in 2027 and reach profitability by 2030, according to its chief executive.

The company said its first mass-produced model, the GOVY AirCab, has already entered pre-order stage and rolled off the production line last month, Caliber.Az reports, via foreign media.

It is now working towards airworthiness verification, Type Certification by end-2026, and Production Certification in the first half of 2027.

GOVY expects a gradual ramp-up in output, noting that flying car manufacturing will initially lag traditional automotive production due to stringent certification and safety requirements. The firm aims to scale production through modularised and standardised manufacturing processes.

Chief executive Su Qingpeng said the sector is at a similar early stage to new energy vehicles a decade ago, but could develop faster once certification frameworks and production systems mature.

The company also highlighted the potential role of solid-state batteries in enabling longer-range and safer flights, and said it is prepared to adopt the technology as supply scales.

GOVY, which has undergone equity restructuring involving employee incentives and multiple shareholders, also indicated it is preparing for a future public listing.

By Aghakazim Guliyev