ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
U.S. Futures Slide as Iran Denies Nuclear Talks with Washington 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
Australia's Inflation Eases in February but Core Pressures Persist 
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Suspicious Oil Market Trades Precede Trump's Iran Peace Post by 15 Minutes 
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal 
HT Aero unveiled its flying car, and it may be released to the market soon. The company is an affiliate of Xpeng, a Chinese electric vehicle maker, and the futuristic vehicle may be hitting the air space and roads in three years' time in 2024.
HT Aero debuted its new flying car that can also be driven on the road on Sunday, Oct. 24. According to CNBC, the vehicle features a lightweight body design, and it has a rotor that can be folded when needed.
Likewise, the foldable rotor will give owners the option for the mode of travel. If they prefer to fly, the rotors could be instantly expanded. The flying car maker also installed various safety features so that drivers can use their vehicles without worries. One of the features mentioned by the company is the parachutes.
HT Aero was able to raise $500 million just last week as high-profile firms have invested in its project. It was said that flying cars are also called the "electric vertical take-off and landing vehicles," and it has gained a lot of attention from both start-ups and established carmakers. Thus, it is no wonder that investors have flocked in to support the project.
At any rate, while there are plans to roll out the flying cars soon, it was noted that there are also some challenges for these types of vehicles, so their chance to be distributed on a wide-scale level is low for now. Aside from the safety issues, regulations for using them in public places are another thing to consider.
Bloomberg further reported that Xpeng also revealed more advanced technologies and products on top of the flying car during its "Tech Day." A prototype of a ridable robot horse was launched at the said event as well.
Finally, the company showcased its navigation-guided pilot too, and it was said that many users paid for this assisted-driving feature called XPILOT 3.0 that can be used on highways now. The sales from this technology boosted Xpeng's total revenue.
"Our exploration of more efficient, safer, carbon-neutral mobility solutions goes far beyond just smart EVs, and is the cornerstone of our long-term competitive advantages," Xpeng's chairman, He Xiaopeng, said in a statement during the Tech Day event on Sunday.
