Flying Cars Encounter Turbulence: Kittyhawk to Shut Down while XPeng Increases Investment

(Source: Kittyhawk)

Flying cars, as the intersection of automobiles, aviation and new energy, have attracted plenty of capital over the past few years. However, one company, Kittyhawk, founded in 2010 by Sebastian Thrun, the “father of Google’s unmanned vehicles” and fundes by Larry Page, the founder of Google, suddenly announced it is shutting down on S…