State-owned Changan and FAW will complete the first test flights of their flying cars by the end of this year. “There is a big hope for China creating a low-altitude economy that could contribute one trillion yuan ($139 billion) looking ahead,” Yang added. Below are some key facts about these major players’ aircraft and their schemes to turn flying cars from science fiction into reality. Headquartered in Chengdu, Aerofugia had previously revealed plans to provide flying taxi pilot services to the public in 2026 in the capital city of China’s southwestern Sichuan province. READ MORE: What you need to know about China’s low-altitude economy | BEYOND EXPO 2024