Gaoyu Technology, a subsidiary of GAC Group, recently completed Series A financing of 800 million yuan. This round of financing will mainly be used to accelerate the promotion of airworthiness certification, mass production line construction, and core team expansion. Currently, GOVY AirCab, the first high-range manned aircraft, has entered the system integration testing stage. The model was officially launched at the Huangpu factory in Guangzhou in May, with a design capacity of 100 units per year. Earlier, GAC Group disclosed that GOVY AirCab is expected to complete airworthiness certification and begin delivery by the end of the year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.