May 10 (Asia Today) -- Hyundai Motor Group and Korea Aerospace Industries have agreed to jointly develop next-generation advanced air mobility aircraft, combining automotive electrification technology with aerospace manufacturing capabilities.
Hyundai Motor Group said Saturday the companies signed a memorandum of understanding at Hyundai Motor and Kia headquarters in Seoul on Thursday to cooperate in developing future air mobility aircraft powered by electric aviation powertrains.
The signing ceremony was attended by Hyundai Motor Group Vice Chairman Jang Jae-hoon and KAI President Kim Jong-chul, along with other executives.
Under the agreement, the companies will combine Hyundai's aviation electrification technology with KAI's aircraft systems engineering expertise to develop and mass-produce advanced air mobility aircraft.
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