Chinese car company Zhejiang Geely Holding Group has purchased the boston Terrafugia.
Terrafugia's goal is to start flying cars to sell in 2019, told the news agency Bloomberg.
the transaction is a news agency that so far, one of china's most promising investments of flying car development.
China is not according to Bloomberg previously been serious in the race, although the country's research and development efforts on more than 80% goes to product development.
Flying cars are many of the company's crosshairs.
it is, inter alia, a ride service company Uber, aviation giant Airbus and alphabet's ceo Larry Page, two car companies.