GUANGZHOU, China, July 01, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that it has signed a strategic Memorandum of Understanding (“MoU”) with China Southern Airlines General Aviation Company Limited (“CSGAC”), a leading general aviation service provider and strategic emerging business unit of China Southern Airlines Company Limited. The partnership will center on the flig ...

GUANGZHOU, China, June 25, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, announced it has received full payment for the initial batch of 30 units of EH216-S passenger-carrying pilotless aircraft and has delivered 27 units to Wencheng County Transportation Development Group Co., Ltd. in Wenzhou, Zhejiang Province. It drives Wencheng's comprehensive layout in the low-altitude economy industry. ...

GUANGZHOU, China, June 25, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, announced it has received full payment for the initial batch of 30 units of EH216-S passenger-carrying pilotless aircraft and has delivered 27 units to Wencheng County Transportation Development Group Co., Ltd. in Wenzhou, Zhejiang Province. It drives Wencheng’s comprehensive layout in the low-altitude economy industry ...

GUANGZHOU, China, June 21, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, announced that it has signed a cooperation agreement with the government of Wencheng County, Wenzhou City, Zhejiang Province, to jointly develop UAM and supporting public service ecosystem for the low-altitude economy. Based on this cooperation, Wencheng County Transportation Development Group Co., Ltd. has signed a pur ...

GUANGZHOU, China, June 21, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, announced that it has signed a cooperation agreement with the government of Wencheng County, Wenzhou City, Zhejiang Province, to jointly develop UAM and supporting public service ecosystem for the low-altitude economy. Based on this cooperation, Wencheng County Transportation Development Group Co., Ltd. has signed a pu ...

designprojects/iStock via Getty ImagesThis is my second piece on EHang Holdings (NASDAQ:EH) and this time, I would like to focus on the influence of government support for the company in China - and, naturally, give a quick update on the latest developments. Since my last analysis, EHang's share price has moved quite a bit down and up and is now below the previous level. Fundamentally however, the company made substantial progress, including achieving further regulatory certificates, ramping revenues, a ...

Although not as common now, flying cars could well be integrated into our future lives. It has the potential to completely change the way we travel and think about transportation. The flying car industry is fairly new, but it boasts a CAGR of 58.1% until 2040. With high return potential comes high risk, it is important for investors to carefully examine and pick only the best companies in the industry. These are the three best flying car stocks to buy in June 2024. Lilium (LILM)Source: T. Schneider / Shutte ...

Core Insights - EHang Holdings Limited announced the successful completion of its first autonomous air taxi flight using the EH216-S pilotless eVTOL aircraft in Mecca, Saudi Arabia, emphasizing safety and innovation [1][2] - The flight was conducted in collaboration with Front End Limited Company, showcasing the potential of pilotless eVTOL aircraft to transform transportation in the region [1][2] - The initiative aligns with Saudi Arabia's Vision 2030, aiming to enhance mobility, reduce congestion, and promote sustainability through advanced air mobility solutions [2] Company Overview - EHang is recognized as the world's leading urban air mobility technology platform, focusing on safe, autonomous, and eco-friendly air mobility solutions [4] - The company has achieved significant certifications, including the world's first type certificate and production certificate for passenger-carrying pilotless eVTOL aircraft from the Civil Aviation Administration of China [4] - EHang's mission includes providing unmanned aerial vehicle systems for various applications, including passenger transportation and smart city management [4] Partnership and Collaboration - The flight was supported by local authorities, including Saudi Arabia's General Authority of Civil Aviation and various ministries, highlighting the importance of public-private partnerships in advancing technology [1][2] - Front End's commitment to introducing innovative solutions in Saudi Arabia complements EHang's technological expertise, facilitating the integration of advanced air mobility into the aviation landscape [2][3] - The collaboration aims to establish a benchmark for regular advanced air mobility operations in Saudi Arabia, contributing to both regional and global markets [2]

GUANGZHOU, China, June 12, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that its EH216-S pilotless electric vertical takeoff and landing (“eVTOL”) aircraft completed its first autonomous air taxi flight in Mecca, Saudi Arabia. The autonomous flight, conducted with rigorous safety measures, underscores EHang's commitment to safety and innovation. Partnering with Front End Li ...

GUANGZHOU, China, May 31, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced it has signed a memorandum of understanding (“MoU”) with Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. (“Xishan Tourism”) to jointly develop the low-altitude economy in Taiyuan City, Shanxi Province, China. Concurrently with the signing of the MoU, Xishan Tourism has placed a purcha ...