Hyundai Launches Air Mobility Division

Hyundai announced its air mobility division that has its sights set on flying taxis.

Sept. 30, 2019

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.