Boeing and Porsche to work together on flying electric car

The well known German carmaker company Porsche and US aircraft giant Boeing announced Thursday they work together to build a “premium urban air mobility market to the extention of urban traffic into airospace, through a fully electric vertical takeoff and landing vehicle”.

As yet, both the companies did not disclose any details regarding investment, target date and the price range of the project.

Volkswagen AG, Porsche’s parent company is one of the largest automaker companies in the world and has announced a major focus into the development of electric vehicles. In the next 10 years, they are planning to build 22 million electric cars across its brand.

Detlev von Platen, member of the executive board for sales and marketing at Porsche said in a press release, “Porsche is looking to enhance its scope as a sports car manufacturer by becoming a leading brand for premium mobility. In the longer term, this could mean moving into the third dimension of travel.”

According to Boeing NeXt executive Steve Nordlund, “This collaboration builds on our efforts to develop a safe and efficient new mobility ecosystem and provides an opportunity to investigate the development of a premium urban air mobility vehicle with a leading automotive brand.

“Porsche and Boeing together bring precision engineering, style and innovation to accelerate urban air mobility worldwide.”

As far as long, Neither Porsche nor Boeing is the first company who try for the elusive flying car marker.

The German company Volocopter also demonstrated its air taxi as it took flight over a German city earlier this year. Kitty Hawk the Flying car startup revealed its third aircraft which is a vertical take and landing aircraft, it can cover 160 kilometers (100 miles) while making almost no noise at all.