Sept. 30, 2019—Hyundai announced the coalition of its air mobility division, according to CNET.

Leading the new unit is none other than a 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 unit.