EHang announces US$30 million share repurchase program

The first UAM Operation Center launched at Hefei Luogang Central Park

EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, has announced a new Share Repurchase Program. Under this program, EHang may repurchase up to US$30 million of its American Depositary Shares (“ADSs”) or ordinary shares over the next 12 months.

Technological advances in air taxis and flying vehicles are needed to transform public transport

Imagine the scene: you look up from the crowded pavement of your metropolitan home and instead of seeing the occasional plane or helicopter, you see a swift, whispering sound of vehicles darting back and forth across the sky. This is not a scene from a science fiction film, but a vision of a future where air taxis and flying vehicles play an important role in public transport. But what will it take for them to become widespread ?