China Euro Vehicle Technology AB (CEVT) – Geely’s innovation and development centre in Sweden has announced a collaboration project with Geely Group’s flying car company Terrafugia Inc. “The combination of CEVT’s advanced engineering capabilities and automotive experience with Terrafugia’s expertise in innovative air mobility will take Geely to the sky providing vehicles for both ground and air transportation” said Chris Jaran, CEO of Terrafugia Inc.
US-based Terrafugia Inc. Flying Car company, with its beginnings in Massachusetts Institute of Technology (MIT) in Boston, was acquired by China-headed Zhejiang Geely Holding Group at the end of 2017. Terrafugia has several innovative flying vehicle projects ongoing where CEVT, as one of the leading innovation centres for Geely Group, has been invited to support their first vehicle with the development of a clutch-box, advanced CAE analysis and high-tech safety systems.
At CEVT we have some of the best-skilled resources in the mobility engineering disciplines. We have until now mainly been focusing on developing amazing new cars and architectures. With this new collaboration, we see a huge advantage and opportunity of taking our experience into new fields of mobility transportation. Terrafugia is a very exciting project, and we are proud to be given the opportunity to support it, said Mats Fägerhag, CEO of CEVT.
With this collaboration project, Terrafugia will benefit the long automotive engineering experience and expertise in Gothenburg and Sweden.
This new innovative flying car collaboration will generate win-win business value for Geely, Terrafugia, and CEVT by utilizing the competencies in collaboration within the group. We are supporting the development of something entirely new and I’m looking forward to the first Terrafugia flying car coming to market, said Håkan Apell, Director of Business Development & Corporate Strategy at CEVT.