Hyundai Motor Group is shaking up leadership at its $1.7 billion Supernal electric aircraft startup in Irvine following layoffs in July.
The startup, which has paused its aircraft programs to evaluate next steps, has been slow to demonstrate its autonomous flying technology at a test facility at the Mojave Air & Space Port. Meanwhile, rivals have surged ahead with development of their own “electric vertical take-off and landing” aircrafts, or eVTOL.
The South Korean automaker said that Jaiwon Shin resigned Aug. 31 as Supernal’s chief executive officer of Hyundai’s Advanced Air Mobility Division and was moved into an adviser role to help transition new leadership.
Hyundai also is looking at a wide range of candidates in the “global aviation industry” to replace Shin, Supernal spokesw