Ehang Holdings Ltd Stock Price, News & Analysis

EHang Holdings announced a strategic investment of over US$22 million from Zhuhai Enpower Electric and a UAE-based strategic institutional investor. Both investors agreed to a 180-day lock-up period. Enpower's investment builds on their partnership to co-develop electric motor drive systems for EHang's eVTOL aircraft. The UAE investor, representing one of EHang's largest international markets with 100 units ordered and 5 delivered, will support expansion in the Middle East and Southeast Asia. This brings EHang's total 2024 financing to nearly US$100 million. The funds will support next-generation technologies, production scaling, team expansion, new facilities, and corporate activities.

EHang Holdings (Nasdaq: EH) announced a breakthrough in solid-state battery technology for its EH216-S eVTOL aircraft, developed in collaboration with Inx Energy Technology. The aircraft completed a 48-minute continuous flight test, marking the first pilotless passenger-carrying eVTOL to fly with a solid-state battery. The new battery technology improves flight endurance by 60%-90% with an energy density of 480Wh/kg. The battery features enhanced thermal stability, reduced flammability, and improved maintenance-free qualities. EHang aims to achieve large-scale production of certified solid-state batteries for the EH216-S by the end of 2025, with plans to extend flight time to 60 minutes.

EHang Holdings (Nasdaq: EH) launched its second UAM Hub at Luogang Central Park in Hefei, spanning 1,963 square meters and designed to accommodate 10-20 EH216-S aircraft. The hub features zones for ticketing, passenger waiting, boarding, command-and-control, charging, and maintenance. It will be operated by Hefei Heyi Aviation, complementing another UAM operation center opened in May 2024. The Hefei Municipal Government released a plan to establish a three-level infrastructure network for low-altitude takeoff and landing. In Q3 2024, EHang delivered five EH216-S units to Hefei, with the first Air Operator Certificate expected within this year.

EHang Holdings (Nasdaq: EH) has announced a strategic partnership with Zhuhai Enpower Electric (SZ300681) to jointly develop high-performance electric motors and motor controllers for EHang's eVTOL aircraft. The collaboration aims to create customized electric motor drive systems meeting civil aviation authorities' requirements. Enpower's 'integrated core' technology will be used to develop lighter, more powerful, and better-cooled motor solutions with broader compatibility across EHang's eVTOL models. This partnership combines Enpower's electric power systems expertise with EHang's eVTOL leadership to advance Urban Air Mobility technology.

EHang Holdings announced that its EH216-S pilotless eVTOL aircraft completed debut passenger flights in Thailand at Bangkok's Queen Sirikit National Convention Center, marking its expansion to the 18th country globally. With permission from Thailand's Civil Aviation Authority (CAAT), EHang plans to conduct flight tests and launch commercial operations in regions like Phuket and Koh Samui by 2025. The demonstration flights, conducted over three consecutive days, included passengers from Sky Image Tech and Bangkok Airways. The CAAT plans to open flight tests for certified eVTOLs in various locations and aims to commence commercial operations in specific areas by 2025.

EHang Holdings (Nasdaq: EH) has formed a strategic partnership with the Civil Aviation Flight University of China (CAFUC) to develop professional talents for unmanned aerial vehicles (UAVs). The collaboration aims to address China's estimated talent shortage of up to 1 million in the low-altitude economy sector. The partnership will focus on training operators and maintenance staff for EHang's pilotless eVTOL aircraft, particularly the EH216-S model, which recently received three CAAC airworthiness certificates. The program will combine academic education with vocational training, enabling graduates to obtain both basic large UAV licenses and specific EH216-S operator licenses.

EHang Holdings (Nasdaq: EH) has achieved a significant milestone with the first flight of its EH216-S pilotless eVTOL in Brazil. The flight took place in Quadra, São Paulo region, in partnership with local operator Gohobby Future Technologies. This event marks a important step for Urban Air Mobility (UAM) development in Brazil, one of the world's largest eVTOL markets.

Brazil's National Civil Aviation Agency (ANAC) granted the Experimental Flight Authorization Certificate (CAVE) to EH216-S, enabling trial operations in the country. EHang and Gohobby are conducting extensive trial and test campaigns in collaboration with ANAC and the Brazilian Airspace Control Department (DECEA) to promote the development of Concepts of Operations and Unmanned Aircraft Traffic Management systems.

EHang has already carried out over 50,000 safe flights in 17 countries across Asia, Europe, North America, and Latin America. The company aims to develop safe, efficient, eco-friendly, and accessible Urban Air Mobility solutions for Brazil and Latin America.

EHang Holdings (Nasdaq: EH) has obtained an Experimental Flight Authorization Certificate (CAVE) from Brazil's National Civil Aviation Agency (ANAC) for its EH216-S pilotless electric Vertical Take-Off and Landing (eVTOL) aircraft system. This authorization allows EHang and its local partner Gohobby to conduct test and trial flights in Brazil, demonstrating the aircraft's intelligent flight technology and cluster management system.

The certification follows a thorough review process and aligns with recent cooperation agreements between Brazil and China to strengthen their partnership in civil aviation. EHang plans to collaborate with ANAC and Brazil's Airspace Control Department (DECEA) to advance research on Concepts of Operations and Unmanned Aircraft Traffic Management (UTM) systems for safe UAM deployments in Brazil.

EHang Holdings (Nasdaq: EH), a leading urban air mobility technology company, has strongly refuted recent unfounded rumors circulating in retail investor communities. These baseless allegations, which falsely claim EHang is related to a U.S. government investigation on Chris Hu, have unfairly impacted the Company's stock price. EHang categorically denies any involvement in such activities and affirms that its management team, including Founder, Chairman and CEO Huazhi Hu, has no personal connections to the incident mentioned in the rumors.

The Company emphasizes its commitment to transparency and compliance in both China and the U.S. operations. EHang remains focused on developing and commercializing autonomous aerial vehicle technology and will consider legal action against those spreading false information to protect its reputation and shareholder interests.