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 purchase order for 50 units of EHang’s EH216-S pilotless
electric vertical takeoff and landing (“eVTOL”) aircraft, and has
paid the total contract price of RMB113 million (USD15.6 million)
to EHang. Meanwhile, Xishan Tourism has signed a purchase plan
agreement for an additional 450 units of EH216-S over the next two
years. These aircraft will be deployed for aerial tourism,
passenger transportation, and other low-altitude use cases to
facilitate adoption and operations of pilotless eVTOL in North
China.
(Picture: EHang and Xishan Tourism signed the MoU
and purchase order)
According to the MoU, EHang and Xishan Tourism will collaborate
to develop a Low-Altitude Economy Industrial Park in Taiyuan, where
they can establish EHang’s command-and-control center, marketing
and exhibition center, operations center, after-sales service
center, research institute, etc. 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.
EHang and Xishan Tourism plan to build EH216-S low-altitude
sightseeing demonstration centers in the scenic areas of Xishan
Mountain and Fenhe River in Taiyuan initially, with further plans
to gradually expand pilotless eVTOLs application to Shanxi Province
and North China to stimulate the growth of the low-altitude
industry in the region.
Shanxi Province has been designated as a national demonstration
province for the development of the general aviation industry, and
Taiyuan City is one of the national civil unmanned aviation
demonstration zones that boast fertile ground for aviation as a
conducive environment for the growth of low-altitude economy
development.
Earlier this year in April, a delegation from Shanxi provincial
government visited EHang’s headquarters. During the visit, Mr.
Xiangjun Jin, Governor of Shanxi Province, highly commended EHang’s
pioneering efforts and achievements for the low-altitude economy,
stating, “The low-altitude economy is a representative of new
productive forces and serves as a new track for industrial
development as well as a new engine driving economic growth. We
hope that EHang's expertise in commercializing the low-altitude
economy would be a valuable source of inspiration and reference for
Shanxi's development in this area.”
Mr. Yaozong Chang, Chariman of Xishan Tourism, stated, “Xishan
Tourism is a contemporary company integrating operational
infrastructure, industrial investment, operational properties, and
park development, etc. Since the establishment in 2019, we adhered
to the development philosophy of 'diversified operations with a
focus on both investment and financing' and have been actively
leveraging the strategic potential of the low-altitude economy. In
close collaboration with EHang, we are poised to driving the
creation of a new low-altitude economy ecosystem and to further
enrich the 'low-altitude + cultural tourism' use cases under the
guidance of the Xishan Demonstration Zone. Moving forward, we will
expedite the development of a comprehensive low-altitude economy
ecosystem, encompassing research and development, manufacturing,
operations, and services, with the aim of establishing a flagship
low-altitude economy industrial park with national influence.”
Mr. Huazhi Hu, Founder, Chairman and CEO of EHang, stated, “As
the Chinese government continues to support the growth of
low-altitude economy and eVTOL industry, we're capitalizing on this
momentum to further expand our presence in the Chinese market and
prepare for commercial UAM operations. We're delighted to secure
this major order from Taiyuan and look forward to collaborating
with our partners to establish a benchmark for low-altitude economy
in the city, and gradually introduce more low-altitude use cases in
Shanxi and extend it across North China. Our goal is to bring
pilotless eVTOLs to more cities and drive the sustainable growth of
China’s low-altitude ecosystem.”
(Picture: EHang is steadily advancing production
and delivery of EH216-S pilotless eVTOL)
About EHang
EHang (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’s EH216-S has obtained the world’s
first type certificate, production certificate and standard
airworthiness certificate for passenger-carrying pilotless eVTOL
aircraft issued by the Civil Aviation Administration of China. 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 Statement
This 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 certifications, 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.
Investor Contact: ir@ehang.com
Media Contact: pr@ehang.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6a5313f5-3598-46da-98aa-5d0f5b41dd86
https://www.globenewswire.com/NewsRoom/AttachmentNg/d0a16859-b315-4cef-9ae1-6ee4981fd12d
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