EHang Secures RMB113 Million Order for 50 Units of EH216-S Pilotless eVTOLs from Xishan Tourism to Jointly Promote Low-Altitude Economy in North China
EHang Holdings Limited - ADS (EH)
Company Research
Source: GlobeNewswire
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 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 eVT
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EH
News
- EHang Delivers 27 Units of EH216-S to Wencheng County and Completes First Passenger-Carrying Flight in WenchengGlobeNewswire
- EHang Partners with Wencheng County, Securing Order for 30 Units of EH216-S and Purchase Plan for Additional 270 UnitsGlobeNewswire
- EHang: Investors Underestimate How Much The Chinese Government Wants This [Seeking Alpha]Seeking Alpha
- EH216-S Pilotless eVTOL Completes Debut Flight in Saudi ArabiaGlobeNewswire
- 3 High Insider Ownership US Stocks With Up To 59% Revenue Growth [Yahoo! Finance]Yahoo! Finance
EH
Sec Filings
- 6/14/24 - Form 6-K
- 5/20/24 - Form 6-K
- 4/26/24 - Form S-8
- EH's page on the SEC website