The new division will play a crucial role in integrated mobility solutions
The South Korean carmaker Hyundai has named Dr. Jaiwon Shin, an aeronautics engineer as the lead for its newly setup Urban Air Mobility Division. While others are exploring the market for future scenarios such as ride-sharing services and self-driven cars. Hyundai is concentrating on vertical expansion.
The auto manufacturer sees the urban air mobility to play a significant part in integrated mobility solutions that might ease out the traffic problem in the metropolitan cities across the globe. Hyundai did not reveal the precise objective of the nascent division but emphasized that the aim of it give innovative mobility solutions. The hope is there that the company will introduce path-breaking technology in auto-making in the coming times.
“The new team at Hyundai will develop core technologies that will establish the company as a driving force in the urban air mobility, a sector that is expected to grow into a market worth 1.5 trillion US dollars within the next 20 years” Dr. Shin elaborated.
The project is in good and experienced hand
Shin has a handful of experience in flight, as he had led the aeronautics research mission at NASA for 11 long years. He is the perfect man for strategizing and directing all the company’s resources towards aircraft electrification and urban air mobility.
The car company determined to provide better mobility services that are beyond the imagination, but the final outcome might be an autonomous drone rather than a car from a sci-fi movie. The competitor Volocopter is testing its autonomous flying taxi prototype with heavy investment from Daimler. Audi and Airbus also joined for one such program. People who want to drive and fly themselves to work, Terrafugia had prepared a roadmap to produce roadable airplane. It was acquired by Chinese conglomerate Geely in 2017.