EHang Secures Major Partnership with Wencheng County for Expansive Urban Air Mobility Initiative

EHang
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GUANGZHOU, China, June 21, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), a global leader in urban air mobility (“UAM”) technology, has announced a groundbreaking partnership with the government of Wencheng County, Wenzhou City, Zhejiang Province. This collaboration aims to develop a comprehensive UAM ecosystem and support the growth of the low-altitude economy.

As part of this partnership, Wencheng County Transportation Development Group Co., Ltd. has committed to purchasing 30 units of the EH216-S aerial vehicle, with a 50% pre-delivery down payment already made. Additionally, they have plans to acquire another 270 units by the end of 2026, supported by a non-refundable deposit.

Advancing the Low-Altitude Economy in Wencheng

Wencheng County is renowned for its ecological tourism and rich natural resources, making it an ideal location for low-altitude economy applications. This partnership with EHang is set to leverage these assets to pioneer aerial tourism and other innovative commercial uses. The county plans to establish multiple aerial sightseeing routes this year, covering scenic spots like Tianding Lake, Baizhangji Falls, the canyon, and lush forests. Regular operations of electric vertical take-off and landing (“eVTOL”) aircraft will be integral to this initiative.

Strategic Vision for 2026

Responding to the central government’s call to develop the low-altitude economy, Wencheng County has formed a dedicated committee to oversee this high-quality development. The detailed implementation plan aims to transform Wencheng into a leading low-altitude economy zone by 2026. This transformation includes creating over 10 showcase applications to expand the local market size of operational services to more than RMB1 billion and opening multiple low-altitude air routes.

Leadership Perspectives

Mr. Zhenhai Xing, Chairman of Wencheng County Transportation Development Group Co., Ltd., expressed his enthusiasm for the collaboration, stating, “EHang is at the forefront of China’s low-altitude economy with their EH216-S aircraft, which has already obtained airworthiness certifications. Together, we will explore and demonstrate diverse low-altitude applications, establish aerial sightseeing tourism routes, and foster a thriving low-altitude economy service ecosystem. We are committed to driving the development of this industry in Wencheng.”

EHang’s Founder, Chairman, and CEO, Mr. Huazhi Hu, echoed these sentiments, adding, “EHang is dedicated to expanding low-altitude use cases globally. Our collaboration with Wencheng County aims to develop pilotless low-altitude applications and establish a benchmark for low-altitude operations in Zhejiang. This partnership will create a competitive edge for the low-altitude economy in East China.”

Expanding Horizons

The partnership between EHang and Wencheng County represents a significant step forward in the commercial deployment of passenger-carrying pilotless eVTOL aircraft. By creating a robust low-altitude industry chain that includes demonstration, sales, maintenance, and operations, this initiative is poised to drive economic development and UAM ecosystem growth within Zhejiang Province and beyond. The collaboration also emphasizes the recruitment and training of specialized talent, ensuring a sustainable and innovative future for the low-altitude economy.

EHang and Wencheng County’s partnership marks a pivotal moment in the evolution of urban air mobility and low-altitude economic development. With a strategic vision and substantial investment, this initiative is set to transform Wencheng into a pioneering hub for aerial tourism and other low-altitude applications, driving regional economic growth and setting a new standard for UAM operations in China.


Source: ehang.com

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