The Chinese owner of Diamond Aircraft has acquired the assets of eVTOL pioneer Volocopter out of insolvency for $11 million. The estimated value of the hard assets and intellectual property was set at $42 million in the insolvency process. Wanfeng, a major Chinese car manufacturer, has set up its German subsidiary Heptus 591 to operate what's left of the company. which will be operated by Diamond.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/diamonds-owner-buys-volocopter