"German Automaker Abandons China Flying-Car Dream Amid Rivalry and Regulatory Hurdles. Volkswagen's shocking decision to pull out of its ambitious flying-car project in China marks a significant setback for the company's efforts to tap into the country's rapidly growing market for electric and autonomous vehicles. The project's demise was reportedly due to a combination of factors, including Volkswagen's failure to keep pace with local rivals, as well as legal disputes and shifting intellectual property risks. As foreign automakers continue to navigate the complex and highly competitive landscape of China's automotive industry, Volkswagen's experience serves as a stark reminder of the challenges they face in trying to keep up with the country's fast-evolving market trends."
VW abandoned its China flying-car project after falling behind local rivals, amid legal disputes and shifting IP risks, highlighting the challenges foreign automakers face in China's fast-evolving ...
