Xpeng’s (NYSE: XPEV) flying car unit, Xpeng Aeroht, announced that it had completed a $250 million Series B financing round, providing additional ammunition for its product mass production.

Xpeng Aeroht announced the funding news on Weibo, saying that the mass production process for its Land Aircraft Carrier modular flying car significantly accelerated.

The factory for mass-producing flying cars has been topped out and is scheduled to be completed by the fourth quarter, said He Xiaopeng, Xpeng’s chairman and CEO, while sharing the funding news on Weibo