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

GUANGZHOU, China, May 31, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), a leading urban air mobility (“UAM”) technology platform company, announced the signing of a memorandum of understanding (“MoU”) with Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. (“Xishan Tourism”). This partnership aims to advance the low-altitude economy in Taiyuan City, Shanxi Province, China. In conjunction with this MoU, Xishan Tourism has placed an order for 50 units of EHang’s EH216-S pilotless electric vertical takeoff and landing (“eVTOL”) aircraft, valued at RMB113 million (USD 15.6 million). Furthermore, Xishan Tourism has committed to purchasing an additional 450 units over the next two years.

Key Points and Insights

1. EHang’s Technological Advancements:

   • EH216-S eVTOL: This model is part of EHang’s EH216 series, designed for various urban air mobility applications, including passenger transportation, aerial sightseeing, and air taxi services. The EH216-S is notable for being the first eVTOL aircraft to obtain the world’s type certificate, production certificate, and airworthiness certificate from the Civil Aviation Administration of China (CAAC)​ (HeliHub.com)​​ (GlobeNewswire)​.

2. Development of Low-Altitude Economy:

   • Low-Altitude Economy Industrial Park: EHang and Xishan Tourism plan to establish an industrial park in Taiyuan City. This park will house a command-and-control center, marketing and exhibition center, operations center, after-sales service center, and research institute. The goal is to leverage EHang’s expertise and Xishan Tourism’s cultural and tourism resources to create the largest eVTOL UAM operation base in North China​ (Stock Market News Live | Stock Titan)​.

3. Pilotless eVTOL Applications:

   • Aerial Tourism and Transportation: The initial deployment of EH216-S aircraft will focus on aerial tourism in scenic areas such as Xishan Mountain and Fenhe River. The long-term plan includes expanding these applications throughout Shanxi Province and North China, aiming to stimulate the growth of the low-altitude industry in the region​ (HeliHub.com)​.

4. Strategic Importance of Shanxi Province:

   • National Demonstration Province: Shanxi has been designated as a national demonstration province for general aviation development. Taiyuan City, in particular, is a key civil unmanned aviation demonstration zone, providing a favorable environment for advancing the low-altitude economy​ (Stock Market News Live | Stock Titan)​.

5. Government and Industry Support:

   • Official Endorsements: During a visit by the Shanxi provincial government to EHang’s headquarters, Governor Xiangjun Jin praised EHang’s contributions to the low-altitude economy. Similarly, Mr. Yaozong Chang, Chairman of Xishan Tourism, highlighted the strategic importance of their collaboration with EHang in developing a comprehensive low-altitude economy ecosystem​ (EHang Holdings Limited)​​ (GlobeNewswire)​.

6. Global Expansion and Future Prospects:

   • International Engagement: EHang has also made significant strides internationally, including successful demo flights in the UAE and strategic collaborations with local partners. These efforts underscore EHang’s commitment to expanding its global footprint and driving the adoption of eVTOL technology worldwide​ (HeliHub.com)​.

By combining EHang’s technological leadership in the low-altitude sector with Xishan Tourism’s resources, this partnership aims to establish a robust low-altitude economy in North China, potentially setting a benchmark for other regions and fostering further innovation in urban air mobility.

For more information, you can visit EHang’s official website and their press releases on recent developments​ (EHang Holdings Limited)​​ (HeliHub.com)​​ (Stock Market News Live | Stock Titan)​​ (GlobeNewswire)​.