World’s first flying electric car headed for US dealerships as it racks up $750M in pre-orders
Walking into a dealership and picking out a flying electric car might seem like something taken out of a sci-fi script, but it’s getting closer to becoming a reality. After its flying electric car became the first of its kind to receive legal approval to take flight in the US, Alef Aeronautics has now secured pre-orders to sell modern aircraft through a car dealership – another first.
First flying electric car headed to US dealerships
Since 2015, Alef Aeronautics has been looking to do the impossible. To push the boundaries of sustainable travel and develop an actual drivable car with vertical takeoff (eVTOL) abilities. Plus, it has to be (relatively) affordable.
After showing a scaled prototype and proprietary electric propulsion tech, Tim Draper, a venture capitalist best known for his early Tesla investment, became the pioneering investor with $3 million in seed money to kick-start the program.
Over the years, the company has continued to develop the model, unveiling the first 100% electric flying car, “Model A,” on October 19, 2022.
According to Alef, its flying car can drive 200 miles and can fly 110 miles. Last month, Alef’s “Model A” broke the internet, being the first electric flying car to receive a Special Airworthiness Certification from the US Federal Aviation Administration.
Model A production is slated to begin in the fourth quarter of 2025, with deliveries following shortly after.
Although the Model A isn’t due out for at least another two years, people are already lining up for their chance to get one.
Alef announced Tuesday that pre-orders for its first flying electric car had reached 2,500, up from 400 at the end of the year, representing $750,000 in revenue once delivered.
The company began pre-orders for the $300,000 Model A in October, with the option to put down $150 for the regular queue or $1,500 for priority.
The orders include 2,100 deposits from individuals and agreements with businesses to sell 400 cars, including with a California car dealership. Alef is now the first in history with pre-orders to sell a modern aircraft through a car dealership.
Alef’s CEO, Jim Dukhovny, commented on the milestone, saying:
We’re excited to see such strong initial demand for the Alef flying car. We’re are thankful for the notes of gratitude and inspiration we received with some of the pre-orders. We still have a road to go before starting deliveries, but where we’re going, we don’t need roads.
The Model A is designed to carry one or two passengers who can drive on public roads with included vertical takeoff and landing capabilities.
After the Model A, Alef is already planning to launch a four-person sedan called “Model Z,” due out in 2035. The company claims it will feature over 300 miles of flying range with the ability to drive 220 miles, starting at $35,000.
Electric flying cars are beginning to pop up all over, with several companies finalizing prototype developments. Chinese EV maker XPeng’s Aero HT was the first crewed eVTOL to receive a flight permit in China earlier this year.
Meanwhile, on the other US coast, Doroni Aerospace became one of the first to successfully test pilot a two-seater eVTOL in the US. You can watch the video here.
Image credit: Alef Aeronautics
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Is it an electric van or a truck? The Kia PV5 might be in a class of its own. Kia’s electric van was recently spotted charging in public with an open bed, and it looks like a real truck.
Kia’s electric van morphs into a truck with an open bed
The PV5 is the first of a series of electric vans as part of Kia’s new Platform Beyond Vehicle business (PBV). Kia claims the PBVs are more than vans, they are “total mobility solutions,” equipped with Hyundai’s advanced software.
Based on the flexible new EV platform, E-GMP.S, Kia has several new variants in the pipeline, including camper vans, refrigerated trucks, luxury “Prime” models for passenger use, and an open bed model.
Kia launched the PV5 Passenger and Cargo in the UK earlier this year for business and personal use. We knew more were coming, but now we are getting a look at a new variant in public.
Although we got a brief glimpse of it earlier this month driving by in Korea, Kia’s electric van was spotted charging in public with an open bed.
The folks at HealerTV found the PV5 variant with an open bed parked in Korea, offering us a good look from all angles.
From the front, it resembles the Passenger and Cargo variants, featuring slim vertical LED headlights. However, from the side, it’s an entirely different vehicle. The truck sits low to the ground, similar to the one captured driving earlier this month.
When you look at it from the back, you can’t even tell it’s the PV5. It looks like any other cargo truck with an open bed.
The PV5 open bed measures 5,000 mm in length, 1,900 mm in width, and 2,000 mm in height, with a wheelbase of 3,000 mm. Although Kia has yet to say how big the bed will be, the reporter mentions it doesn’t look that deep, but it’s wide enough to carry a good load.
The open bed will be one of several PV5 variants that Kia plans to launch in Europe and Korea later this year, alongside the Passenger, Cargo, and Chassis Cab configurations.
In Europe, the PV5 Passenger is available with two battery pack options: 51.5 kWh or 71.2 kWh, providing WLTP ranges of 179 miles and 249 miles, respectively. The Cargo variant is rated with a WLTP range of 181 miles or 247 miles.
Kia will reveal battery specs closer to launch for the open bed variant, but claims it “has the longest driving range among compact commercial EVs in its class.”
In 2027, Kia will launch the larger PV7, followed by an even bigger PV9 in 2029. There’s also a smaller PV1 in the works, which is expected to arrive sometime next year or in 2027.
What do you think of Kia’s electric van? Will it be a game changer? With plenty of variants on the way, it has a good chance. Let us know your thoughts in the comments below.
Source: HealerTV
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Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.
Nissan starts job cuts, asks supplier to delay payments
As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.
Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.
The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.
According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.
“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.
The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.
One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.
Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.
“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.
Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.
The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.
As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.
Electrek’s Take
With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.
Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.
In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.
The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.
Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.
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