According to news from Dapeng New District, Shenzhen, on June 13, Dapeng New District, Shenzhen, the Shenzhen Municipal Bureau of Industry and Information Technology (Shenzhen New Energy Vehicle Industry Office), the Shenzhen Municipal Transport Bureau, and China FAW Group Co., Ltd. held a signing ceremony for a cooperation framework agreement on the innovative development of the flying car industry. This signing marks the official settlement of the FAW Flying Car Headquarters Project in Dapeng, Shenzhen. According to the agreement, the four parties will focus on the R&D, production, and market expansion of flying car aircraft, and engage in in-depth and comprehensive cooperation in areas such as technological breakthroughs, scenario implementation, and ecosystem construction. According to the relevant person in charge of the flying car project, the Hongqi Tiannian No. 1 flying car adopts a split design, with a driving range of over 200 kilometers in the air, and supports vertical takeoff and landing within designated areas. It is understood that the Hongqi Tiannian No. 1 flying car is expected to make its maiden flight within the year.