EHang Addresses Misinformation Impacting Stock Stability
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EHang Addresses Misinformation Affecting Stock Performance
GUANGZHOU, China — EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), a leader in urban air mobility (UAM) technology, has recently taken steps to refute unfounded rumors circulating among retail investors. These false allegations regarding the Company have no basis in reality and have negatively influenced its stock price.
Clarifying Rumors About Government Investigations
One rampant rumor suggests a connection between EHang and an investigation involving Chris Hu by U.S. government authorities. EHang firmly denies any such claims. Furthermore, any assertions that its management team, including Huazhi Hu, the Company's Founder, Chairman, and CEO, has personal ties to the mentioned incident are entirely fictitious. The Company emphasizes that it has no involvement in any activities that could jeopardize its integrity or relationships with regulatory entities.
Commitment to Transparency and Compliance
EHang prides itself on upholding the highest standards of transparency and compliance in all its operations. The Company continually strives to meet both legal and ethical obligations, operating responsibly in China and the U.S. This commitment is critical as it focuses on developing and commercializing state-of-the-art autonomous aerial vehicle technology.
Focus on Innovation and Market Growth
As EHang moves forward, it remains dedicated to bringing innovative solutions to market that enhance urban air mobility. This innovation is at the core of EHang's mission, which is to offer solutions that are not only cutting-edge but also environmentally friendly and accessible to all.
Investor Communication and Legal Rights
EHang urges investors and the public to rely on official communications for accurate updates regarding the Company. The management is fully prepared to pursue legal action against individuals and entities that disseminate false or misleading information, protecting its reputation and the interests of its shareholders.
About EHang Holdings Limited
EHang Holdings Limited (Nasdaq: EH) is at the forefront of the urban air mobility technology sector. Its mission is to make safe and eco-friendly air mobility accessible to everyone. EHang develops unmanned aerial vehicle (UAV) systems and solutions for various applications, including passenger transportation, logistics, smart city management, and aerial media. Notably, EHang's EH216-S has received the first-ever type certificate, production certificate, and standard airworthiness certificate for pilotless eVTOL aircraft from China's Civil Aviation Administration. As a pioneer in UAV technologies and commercial solutions, EHang strives to redefine urban air mobility and enrich lives through innovation.
Frequently Asked Questions
What recent rumors has EHang refuted?
EHang has denied rumors linking the Company to an investigation involving Chris Hu by U.S. authorities, stating these claims are unfounded.
How does EHang maintain transparency?
EHang commits to the highest standards of transparency and compliance, ensuring all operations meet legal and ethical obligations in both China and the U.S.
What is EHang's primary mission?
EHang's mission is to develop cutting-edge autonomous aerial vehicle technology that is safe, eco-friendly, and accessible to everyone.
What actions will EHang take against misinformation?
To protect its reputation, EHang reserves the right to take legal action against individuals propagating false and misleading information.
What is significant about EHang's EH216-S aircraft?
The EH216-S is notable for obtaining the world’s first type, production, and standard airworthiness certificates for passenger-carrying pilotless eVTOL aircraft.
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