Investors in China expressed their interest in the flying car designed by Slovak Štefan Klein.
The prototype of the flying car, which could be mass-produced within three years, is only one of two Slovak representatives at this year’s China International Import Expo (CIIE), which began on November 5 in the Chinese city of Shanghai. The second is the Neodual company, the TASR newswire reported.
“Slovakia doesn’t have its own pavilion at the expo, but it does have a business mission of companies with innovative potential here,” Deputy Prime Minister for Investment and Informatisation Richard Raši (Smer) said, as quoted by TASR.
The event hosts more than 1,000 exhibitors from over 60 countries. The Slovak companies have a chance to make contacts with Chinese companies in Shanghai and then in Beijing, Raši added.Related articleRead more
A wild goose chase
The flying car is being showcased in Shanghai at the request of the Chinese. The Slovak firm behind the project, which has completed the first flight tests, has a number of meetings with Chinese investors scheduled for this week.
The Chinese market is indeed has a lot of potential, but it is a wild goose chase at the same time, Klein said.
“Look at the car industry 10 years ago: carmakers looked down at the Chinese market with disrespect, but they would be at a loss without that market today,” Klein said, as quoted by TASR, adding the same applies to the aerospace industry.Read more
5. Nov 2019 at 21:49 | Compiled by Spectator staff