Ehang Holdings Ltd Stock Price, News & Analysis

EHang Holdings Limited (Nasdaq: EH) has addressed recent allegations from short-seller Wolfpack Research regarding its customer, Shanghai Kunxiang Intelligent Technology Co., Ltd. EHang clarified that Kunxiang is a customer, not a related party and has no significant shareholding. A sales contract for 3 AAVs worth RMB4.5 million confirms that pricing is consistent with other customers. EHang rebutted claims about Kunxiang's business operations as false. Although Kunxiang remains a significant customer, it is no longer EHang's largest customer as of FY 2020.

EHang Holdings Limited (Nasdaq: EH) has announced the nearing completion of its new autonomous aerial vehicle (AAV) production facility in Yunfu, China. The facility, spanning 24,000 square meters, will include assembly lines, a CNC processing center, and a flight test vertiport. Production of the flagship EH216 AAVs is set to commence in Q2 2021, with an initial output capacity of 600 units annually. This facility is expected to be the first of its kind in commercial AAV production on such a scale, enhancing EHang's position in the global market.

EHang Holdings Limited (Nasdaq: EH) reaffirms its vision for autonomous aerial vehicles (AAVs) in a recent statement addressing criticisms from a short-seller report. Founder Mr. Huazhi Hu emphasizes the strategic focus on fully autonomous transport solutions without necessitating pilot licenses, highlighting the company’s technological innovations and robust R&D investments. EHang boasts over 10,000 trial flights and a substantial patent portfolio, underscoring its market leadership in urban air mobility.

EHang Holdings Limited (Nasdaq: EH) responded to allegations by Wolfpack Research in a report dated February 16, 2021, asserting that the report is filled with errors and misinterpretations. EHang emphasizes their commitment to corporate governance and transparency in compliance with U.S. regulations. The company focuses on autonomous aerial vehicle technology, aiming to enhance air mobility across various industries. They plan to take appropriate actions to safeguard shareholder interests and maintain compliance with the Nasdaq and SEC.

EHang Holdings Limited (Nasdaq: EH) has joined the EU's "GOF 2.0 Integrated Urban Airspace Validation" project, aimed at integrating unmanned aerial vehicle (UAV) operations safely into urban airspace. As a consortium member, EHang will contribute to demonstrating the compatibility of current Air Traffic Management (ATM) and U-space systems over the next two years. The project supports EHang's mission to create a comprehensive urban air mobility ecosystem, promoting the acceptance of its EH216 passenger drones for air taxi services.

EHang Holdings Limited (Nasdaq: EH) has joined the SAFIR-Med project as the sole passenger eVTOL partner. This initiative focuses on integrating advanced U-Space services into healthcare across the EU. With 17 partners from 8 countries, including EASA and The Red Cross, the project aims to enhance healthcare accessibility and operational safety for medical air mobility. EHang will demonstrate its EH216 and Falcon AAVs for transporting medical supplies in cities like Antwerp, Aachen, and Maastricht, with further assessments planned in Athens and Prague.

EHang Holdings Limited (Nasdaq: EH) announced a significant investment of US$40 million from Carmignac, a European asset management firm, through a private placement of newly issued Class A ordinary shares. The transaction, closed on January 29, 2021, aims to enhance EHang's technology advancement and business development in the global urban air mobility (UAM) sector. This capital infusion is intended to bolster EHang's leading position in the industry.

EHang Holdings Limited (Nasdaq: EH) has been selected as a key member of the Re.Invent Air Mobility initiative, chosen from 150 applications across 25 countries. This initiative aims to foster the urban air mobility (UAM) ecosystem in the Paris region, particularly in view of the 2024 Olympic Games. EHang, as the sole commercialized passenger-grade AAV provider, will lead the development of this new transport ecosystem, collaborating with major partners like Airbus and Air France. Testing in a real aeronautical environment is expected to commence in June 2021.

EHang Holdings Limited (Nasdaq: EH) announced strategic partnerships to launch Urban Air Mobility (UAM) operations in Hengqin New Area, China. The initiative includes establishing AAV experience centers and support systems for aerial services. During a recent flight event, 36 passengers enjoyed trips in the autonomous EH216 aircraft. Local officials praised the integration of AAVs into everyday life, highlighting the region's potential for air mobility development, supported by government initiatives aimed at tourism and regional cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area.