Hyundai stock is down nearly 14% today after the Korean auto manufacturer announced its new air mobility division to develop flying cars.
Hyundai Motor Company (OTCPK:HYMTF) announced the creation of the new division on Sunday, which will be led by former NASA aeronautics engineer Dr. Jaiwon Shin. “The new team at Hyundai will develop core technologies that will establish the company as a driving force in urban air mobility, a sector that is expected to grow into a market worth $1.5 trillion within the next 20 years,” Shin said of his appointment over the new mobility ...
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