Terrafugia Inc. has announced its partnership with CEVT (China Euro Vehicle Technology AB) to collaborate on a variety of developments to bring the first flying car to market, the company said.
Zhejiang Geely Holding Group (Geely Holding) acquired Terrafugia in Fall 2017, extending access to collaborate with its subsidiary companies.
CEVT is supporting Terrafugia´s first vehicle, the TransitionÂ®, with the development of a clutch-box, advanced CAE analysis and high-tech safety systems. With this relationship, Terrafugia will benefit from the long automotive engineering experience and expertise in Gothenburg and Sweden.
CEVT was established by Geely Holding in 2013 as an engineering and development center for future C-segment cars addressing the needs of both Volvo Cars and Geely Auto Group. Today, CEVT is Geely´s innovation and development center in Sweden.
Terrafugia, Inc. is a wholly owned subsidiary of Zhejiang Geely Holding Group (Geely Holding), a global automotive group that owns several well-known international automotive brands. Founded in 2006 by five award-winning MIT graduates, Terrafugia´s mission is to create practical flying cars that enable a new dimension of personal freedom. To learn more visit, www.terrafugia.com.