BEIJING: Automotive giant Zhejiang Geely Holding Group said that it will roll out its first flying car in 2019 in the US after the Chinese company decided to buy Massachusetts-based startup Terrafugia, which is pioneering such vehicles.
Geely said it will acquire all the operations and assets of Terrafugia and has received all the necessary approvals for the deal, including the Committee on Foreign Investment in the United States. It, however, did not disclose any financial details of the deal.
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