EHang Announces Strategic Partnership and Investment with Qingdao West Coast New Area

EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, today announced its strategic partnership with Qingdao West Coast New Area, one of China’s national new areas in Shandong province. This partnership comes with a binding US$10,000,000 equity investment and a potential additional investment of US$10,000,000 in the future.

Goal to Integrate Unmanned Aerial System Traffic Management into Air Traffic Management

Today announced its participation in the European Union “GOF 2.0 Integrated Urban Airspace Validation” project, which is a follow-up to the SESAR JU GOF U-space project.