Exhibit 99.1
Hefei Municipal Government and EHang Announce Strategic Partnership in Low-Altitude Economy with
US$100 Million Support Plan
GUANGZHOU, China, October 18, 2023 - 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.
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.
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.
“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.
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