Hyundai Motor Group announced on May 10 that it signed a memorandum of understanding with Korea Aerospace Industries (KAI) on May 8 at the Hyundai Motor and Kia headquarters.
The signing ceremony was attended by Hyundai Motor Group Vice Chairman, KAI President and other officials.
Under the MOU, the two sides will jointly develop future air mobility aircraft based on electric aviation powertrains.
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