EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a leading Chinese provider of new energy vehicle power systems, and a strategic institutional investor from the Middle East. Both investors have agreed to a 180-day lock-up period.
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EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH) announced a strategic partnership with Zhuhai Enpower Electric Co., Ltd. (“Enpower”) (SZ300681). EHang, a leader in Urban Air Mobility (UAM) technology, and Enpower, a pioneer in new energy vehicle (NEV) power systems, will collaborate to co-develop high-performance electric motors and motor controllers for EHang’s suite of electric vertical take-off and landing (eVTOL) aircraft.