EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the
world’s leading urban air mobility (“UAM”) technology platform
company, announced that it has entered into a strategic cooperation
agreement (“Agreement”) with the Hefei Municipal Government for the
joint development of a low-altitude economy ecosystem in Hefei
City, Anhui Province. EHang will participate in Hefei’s Full-Space
Unmanned System Integrated Application Demonstration Project and
launch regular operations with unmanned aerial vehicles (“UAVs”) in
Luogang Central Park in Hefei. This park is set to become the
world’s premier UAM super aerohub. The Hefei Municipal Government
intends to provide EHang support in the form of coordinating or
facilitating purchase orders, for no less than 100 units of the
EH216 series UAVs, and financing support, amounting to a total of
US$100 million. The specific timing, amount and type of support
will be subject to additional definitive agreement.
Hefei Municipal Government and EHang at signing
ceremony
Additionally, the Hefei Municipal Government
will actively support EHang in diversifying UAV applications and
cooperations in cultural tourism, emergency and rescue, logistics,
firefighting and other “low-altitude +” scenarios within the local
Hefei market. For accelerating the establishment of the Full-Space
Unmanned System, the Hefei Municipal Government will also provide
EHang with comprehensive support in utilizing land space,
infrastructure development, and specialized operational subsidies.
EHang intends to set up its regional headquarters for Eastern China
in Hefei to promote UAV production, sales, and operations and
accelerate UAM adoption in the area.
EH216-S conducted demo flights in Luogang Central
Park
As a pilot area for the national low-altitude
airspace management reform, Anhui Province is actively building a
low-altitude industrial cluster. Hefei City stands as a central
player with a pivotal hub node in Anhui Province’s pilot program
and is committed to establishing itself as a regional service
center for general aviation, especially in fostering favorable
conditions for enterprises developing low-altitude economy in
China. Recently, EHang’s flagship product, the EH216-S, has
achieved a significant milestone by obtaining the world’s first
type certificate for an unmanned electric vertical takeoff and
landing (“eVTOL”) aircraft, issued by the Civil Aviation
Administration of China. By leveraging the strategic advantages
offered by Anhui Province and Hefei City, including location,
talent pool, and favorable policies, EHang plans to methodically
commence commercial operations with the EH216-S.
Mr. Aihua Yu, Member of the Standing Committee of
the Anhui Provincial Committee and Secretary of Hefei Municipal
Committee, met Mr. Huazhi Hu, EHang Founder, Chairman and CEO
“EHang has bridged the gap in the field of
low-altitude economy, securing its place in the history, which is a
commendable achievement,” remarked Mr. Aihua Yu, Member of the
Standing Committee of the Anhui Provincial Committee and Secretary
of Hefei Municipal Committee, when meeting with Mr. Huazhi Hu,
EHang Founder, Chairman and CEO. He highlighted that Hefei not only
comprehends industrial development but also is committed to
nurturing businesses on their growth. The partnership between Hefei
and EHang will lead to a synergy as they join forces to seize the
opportunities in the emerging low-altitude economy. The focus lies
in achieving sustainable development goals, jointly exploring
applications, advancing industrial infrastructure, and innovating
business models. Enabling the product improvement through
applications, the collaboration will transform leading advantages
into developmental strengths, thereby propelling Hefei's
low-altitude economy. Wenfeng Liu, Director of Anhui Provincial
Economic Information Center, Shaohe Yan, Chief Engineer of Anhui
Provincial Transportation Department, and Xuetao Cheng, Quan Zhang,
and Fei Yuan and other representatives from the Hefei Municipal
Government attended the meeting.
Mr. Yunfeng Luo, Deputy Secretary and Mayor of
the Hefei Municipal Committee, stated, “EHang’s innovative UAV
technology holds tremendous potential across a multitude of sectors
such as tourism, transportation, logistics, healthcare, emergency
response and urban management. Through our collaboration, we aim to
boost the synergistic innovation efficiency of Hefei’s low-altitude
economic development and facilitate the integrated development of
low-altitude domains. This partnership marks a meaningful
milestone, and we are committed to working closely with EHang to
propel Hefei’s low-altitude economy forward. Together, we will
build a modern, comprehensive transportation system for the future
with this new chapter in our cooperation and look forward to
developing excellence.”
Mr. Huazhi Hu, Founder, Chairman and CEO of EHang
delivered a speech at the signing ceremony
Mr. Huazhi Hu, Founder, Chairman and CEO of
EHang, remarked, “We are delighted to partner with another
influential city to propel the widespread growth of the emerging
UAM sector. Hefei has consistently prioritized the development of
unmanned technologies and boasts extensive experience in promoting
emerging technology companies. In collaboration with the Hefei
Municipal Government, we are committed to advancing safe,
autonomous, and eco-friendly UAM solutions in Hefei as well as
expanding commercial operations with the EH216-S to more cities. We
have full confidence that this partnership will expedite the
implementation of low-altitude industries with significant
contributions to the high-quality development of low-altitude
economy in China.”
About EHangEHang (Nasdaq: EH)
is the world’s leading urban air mobility (“UAM”) technology
platform company. Our mission is to enable safe, autonomous, and
eco-friendly air mobility accessible to everyone. EHang provides
customers in various industries with unmanned aerial vehicle
(“UAV”) systems and solutions: air mobility (including passenger
transportation and logistics), smart city management, and aerial
media solutions. EHang has obtained the world’s first type
certificate for unmanned eVTOL from the Civil Aviation
Administration of China in 2023. As the forerunner of cutting-edge
UAV technologies and commercial solutions in the global UAM
industry, EHang continues to explore the boundaries of the sky to
make flying technologies benefit our life in smart cities. For more
information, please visit www.ehang.com.
Safe Harbor StatementThis press
release contains statements that may constitute “forward-looking”
statements pursuant to the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “aims,” “future,” “intends,”
“plans,” “believes,” “estimates,” “likely to” and similar
statements. Statements that are not historical facts, including
statements about management’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to those
relating to our expectations regarding demand for, and market
acceptance of, our products and solutions and the commercialization
of UAM services, our relationships with strategic partners, and
current litigation and potential litigation involving us.
Management has based these forward-looking statements on its
current expectations, assumptions, estimates and projections. While
they believe these expectations, assumptions, estimates and
projections are reasonable, such forward-looking statements are
only predictions and involve known and unknown risks and
uncertainties, many of which are beyond management’s control. These
statements involve risks and uncertainties that may cause EHang’s
actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or
implied by these forward-looking statements.
Media
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Contact: ir@ehang.com
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