Chung Euisun, executive vice chairman at Hyundai Motor Group, revealed that the automaker planned to develop an air taxi service. According to the Pulse, Chung said: “Our plan is to introduce UAM vehicles in 2023 and to provide its commercial service in 2029 after ironing out regulation issues.” He made his comments on Nov. 8 at the Mobility Innovators Forum 2019, hosted by Hyundai in San Francisco, California. Hyundai had announced in September that it had established a UAM Division and appointed Dr. Jaiwon Shin, formerly the NASA Associate Administrator for Aeronautics, as its Executive Vice President and Head. On Dec. 3, Hyundai unveiled its “Strategy 2025” Roadmap; the company is planning a $51B investment in research and development and exploration of future technologies as part of this strategy, which includes UAM.

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