Shenzhen Offers Up to $2.81 Million Incentives to Flying-Car Companies

What’s new: Shenzhen is offering up to 20 million yuan ($2.80 million) of incentives to attract electric vertical take-off and landing (eVTOL) companies to operate in the city.

The southern China city will also provide air space, site construction, equipment purchase and talent recruitment support to these companies, according to a document released Wednesday by the city’s transportation, industrial and finance bureaus.