Group 1 - The core point of the article is that GAC Group's subsidiary, GAC High Domain, has successfully delivered its first prototype of the GOVY AirCab multi-rotor flying car in Hong Kong, marking a significant step towards commercialization just one month after its launch in June [1] - GAC High Domain's main business includes the research, production, sales, and operational services of complete machines and their ecological products, with key models being the GOVY AirCab for urban short-distance travel and the GOVY AirJet for intercity rapid commuting [2] - The GOVY AirCab prototype has a range of 20 to 30 kilometers, suitable for low-altitude urban travel scenarios such as city sightseeing and short business trips, effectively alleviating urban ground traffic pressure and providing citizens with more efficient travel options [2] Group 2 - The GOVY AirCab's body is made of over 90% carbon fiber composite materials, significantly reducing the weight of the aircraft while enhancing its strength and durability, thus improving flight efficiency [2] - The aircraft features a multi-redundancy safety design covering power, energy, flight control, and communication systems, ensuring flight safety from multiple critical system levels [2] - Another model, the GOVY AirJet, has recently completed its first flight, achieving a maximum speed of 250 km/h and a range of 200 km, which can reduce ground commuting time from 1-2 hours to under 40 minutes, contributing to the realization of a "40-minute living circle" in the Guangdong-Hong Kong-Macao Greater Bay Area [6]

Flying cars – technically, electric vertical takeoff and landing vehicles, or eVTOLs – are inching closer to liftoff. But for investors in names like Joby Aviation Inc JOBY and Archer Aviation Inc ACHR, JPMorgan's latest insight is clear: the long-term runway looks promising, but near-term turbulence is hard to avoid.JPMorgan analyst Bill Peterson, after a conversation with McKinsey's Robin Riedel, said the eVTOL dream is alive—just not quite ready for boarding. Commercial service may begin in the next 12–1 ...