Hyundai Partners With Rolls-Royce to Enter Aviation Industry
With the first aircraft scheduled to arrive by 2025.
Hyundai has announced a new partnership with Rolls-Royce to enter the aviation industry. According to new reports, the South Korean automaker has entered into an agreement with the British automaker to develop air mobility solutions together.
As the world’s second-largest producer of aircraft engines, Rolls-Royce will combine its aviation expertise with Hyundai’s fast-developing electric fuel cell technology to create personal air-bound vehicles in the future. Their first aircraft is currently scheduled to arrive by 2025 using fuel-cell electric powertrains and potentially hydrogen propulsion.
“The Advanced Air Mobility Market offers great commercial potential, and this collaboration supports our joint ambitions to lead the way in the Advanced Air Mobility Market,” said Rob Watson, Rolls-Royce Electrical’s president.
The new business deal also comes days after the Hyundai-owned Supernal unveiled a fully-electric VTOL vehicle cabin at the Farnborough International Airshow. The Korean firm has plans to spend upwards of $10 billion USD in the sector to grow its operations by 2025.