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Wanfeng Aircraft, a subsidiary of Zhejiang Wanfeng Auto Wheel, signed a memorandum of understanding on 4 February 2024 to form a joint venture with an undisclosed global automaker's China subsidiary. The JV will focus on eVTOL development, production, and certification.
“双方通过战略合作拟共同成立合资公司,将在电动垂直起降飞行器(eVTOL)领域开展深度合作。”chinaerospace.com
Summarized from public sources; check the original articles before acting on it.