3 July 2023
By Changwon(Luke) Choi
Hyundai Motors is inventing a flying mobility system called "UAM (Urban Air Mobility)." This mobility is developed to solve the world's biggest problem in today’s world: traffic congestion. To accommodate the world's 8 billion people, the cities of each country are growing and developing faster than ever before, making traffic congestion a global problem. Hyundai is investing $1.5 billion in preparing innovative mobility solutions that connect people above the skies of cities with lots of traffic congestion issues. Hyundai Motors said that "UAM is expected to grow into a $1.5 trillion market within the next 20 years." Jaewon Shin, the Hyundai Motor Company Urban Air Mobility (UAM) Business Manager President, said that "Like UAM, new ways to travel will reduce commute times and reduce the number of vehicles in city centers, allowingpeople to interact in new ways."
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