The Flying Car Technology Company, originally developed and successfully tested in Europe, has been acquired by a Chinese company, according to the BBC.

Powered by a BMW engine and regular fuel, the “AirCar” flew for 35 minutes between two Slovak airports in 2021, using runways for takeoff and landing.

It took a little over two minutes to transform from a car into a plane.

Now the manufactured tools will be used within a specific geographical region of China.

Hebei Jianxin Flying Car Technology Company, based in Cangzhou, has acquired exclusive rights to manufacture and operate AirCar aircraft within an undisclosed area.

"The company built its airport and flight school after a previous acquisition by another Slovak aircraft manufacturer," said Anton Zajac, co-founder of KleinVision, the company that created AirCar.

Leading the way towards the development of the EV revolution, China is now actively developing flying transportation.

Last month, a company called Autoflight conducted a test flight of a drone carrying passengers between the cities of Shenzhen and Zhuhai.

"The trip, which takes three hours by car, was completed in 20 minutes," he said.

And in 2023, the Chinese company eHang was awarded a safety certificate by Chinese officials for its electric flying taxi.

According to the UK government, flying taxis could become operational by 2028.