Hyundai to make 4-passenger flying taxis for Uber

Toyota, Volvo and Daimler back similar startups, drawing investors to sector

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Hyundai Motor's Jaiwon Shin reveals a model of the S-A1 urban air taxi at the CES tech show in Las Vegas on Jan. 6.  © AP

AKANE OKUTSU, Nikkei staff writer

LAS VEGAS, U.S. -- South Korea's largest carmaker Hyundai Motor is teaming up with U.S. ride-hailing company Uber Technologies to manufacture "flying cars" that will ease traffic congestion.

Hyundai unveiled a scale model of the vehicle at the world's biggest technology event CES on Monday. "Our mission has always been progress for humanity," said Chief Innovation Officer Youngcho Chi.

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