LithiumBank Resources

EHang ($EH) Announces eVTOL Deal to Develop Low Altitude Ecosystem in Shanxi Province, China

31 May 2024

EHang (NASDAQ: EH), an emerging eVTOL manufacturer, has signed a memorandum of understanding with Xishan Tourism to develop the low-altitude ecosystem in China. Xishan ordered 50 of Ehang’s pilotless electric vertical takeoff and landing aircraft, and plans to purchase an additional 450 units over the next two years for aerial tourism and passenger transportation.

EHang and Xishan Tourism will initially set up EH216-S sightseeing centers in the Xishan Mountain and Fenhe River scenic areas, with plans to expand across North China. 

By combining EHang’s leading advantages and expertise in the low-altitude economy sector with Xishan Tourism’s rich cultural and tourism resources, the collaboration aims to establish the largest eVTOL UAM operation base in North China.

Mr. Huazhi Hu, Founder, Chairman and CEO of EHang stated: “Our goal is to bring pilotless eVTOLs to more cities and drive the sustainable growth of China’s low-altitude ecosystem.”

EHang provides customers in various industries with autonomous aerial vehicle  products and commercial solutions. The company’s mission is to make safe, autonomous, and eco-friendly air mobility accessible to everyone.

Shares of EHang trade on the NASDAQ under the ticker symbol EH.


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