Flying cars will appear earlier than expected: their price is already known

Chinese electric vehicle startup Xpeng unveiled a flying car over the weekend. Company

plans to begin mass production by 2024.

The Xpeng X2 is being developed by subsidiary HT Aero, a flying car startup. It raised over $ 500 million last week in its latest round of funding.

According to a post on the Xpeng website, X2 hasrotors, which fold when the vehicle is moving on the road and unfold during takeoff. It can accommodate two people. Xpeng advertises a flying car for urban use, such as commuting from the airport to the office. The maximum flight time is 35 minutes.

Electric vehicle manufacturer registeredon the Nasdaq exchange, plans to sell the car for under one million Chinese yuan ($ 157,000), Techcrunch reports, citing CEO He Xiaopeng.

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