EHang Partners with Hefei Government for VT35 Series Hub
EHang Partners with Hefei Government for VT35 Series Hub
GUANGZHOU, China -- EHang Holdings Limited (Nasdaq: EH), recognized globally as a leader in urban air mobility technology, has recently entered into an investment cooperation agreement with the Hefei government. This strategic partnership is aimed at establishing a product hub tailored for the VT35 series—a pioneering line of long-range, pilotless, electric vertical takeoff and landing (eVTOL) aircraft.
Investment and Support for VT35 Project
Under this agreement, both EHang and the Hefei government will make collective investments equalling approximately RMB 1 billion, with the Hefei government also providing substantial additional support worth around RMB 500 million. This support can manifest in various forms, such as eVTOL aircraft orders and cooperation initiatives throughout the industry chain.
About the VT35 eVTOL Aircraft
The VT35 series stands as EHang’s next generation of eVTOL solutions, specifically designed for medium- to long-distance air travel encompassing intercity and cross-regional transport, including mountainous and marine crossings. This latest model builds upon the groundwork established by the VT30 prototype while integrating significant enhancements such as advanced autonomous flight control and propulsion technologies. Thanks to innovative command-and-control systems, the VT35 offers unprecedented reliability and operational capabilities.
Progress Towards Airworthiness Certification
EHang is diligently working towards achieving type certification (TC) for the VT35, with their application having been formally recognized by the Civil Aviation Administration of China (CAAC). The company is set to undertake vital airworthiness certification activities in Hefei, aspiring to secure production and standard airworthiness certifications. Moreover, assistance will be given to Hefei Heyi Aviation Co., Ltd. in acquiring the first air operator certificate for the VT35.
Highlighting Leadership in Urban Air Mobility
Mr. Gaoyun Fei, Secretary of the CPC Hefei Municipal Committee, has praised EHang as a front-runner in urban air mobility. He highlighted the fruitful collaboration with EHang, emphasizing that their partnership has significantly advanced Hefei's low-altitude economy. Mr. Fei expressed optimism for EHang to continue its trajectory of growth, foster collaborations with local educational and research institutions, and attract top-tier projects within various sectors such as logistics and tourism.
Future Aspirations and Regional Development
In response to the strategic partnership, Mr. Huazhi Hu, the founder and CEO of EHang, noted that their collaboration with Hefei, initiated in 2023, has already yielded several notable milestones. Among these are the successful commercial flights of the EH216-S model and breakthroughs in solid-state lithium eVTOL battery technology. This evolving relationship with Hefei is crucial for EHang as they seek to expedite the development of urban air mobility solutions that are secure and scalable, ultimately propelling high-quality growth in the region.
An Overview of EHang
EHang, traded on Nasdaq under the ticker EH, is at the forefront of the urban air mobility sector, dedicated to facilitating safe and environmentally sustainable air transportation. The company offers an extensive range of unmanned aerial vehicle systems tailored for diverse applications such as passenger transport, logistics, and smart city management. EHang’s flagship EH216-S eVTOL model has garnered significant acclaim, achieving the milestone of receiving the world's first type certificate and air operator certificates for pilotless eVTOL operations.
Frequently Asked Questions
What major agreement has EHang recently signed?
EHang has signed an investment cooperation agreement with the Hefei government to establish a product hub for the VT35 series eVTOL aircraft.
What is the estimated investment in the partnership?
The partnership is estimated to involve total investments of around RMB 1 billion, along with additional support from the Hefei government valued at approximately RMB 500 million.
What advancements does the VT35 series include?
The VT35 features significant upgrades in autonomous flight control and propulsion systems, enhancing its capabilities for long-distance, pilotless air mobility.
What is EHang's mission in the urban air mobility sector?
EHang aims to develop safe, autonomous, and environmentally friendly air mobility solutions that make air travel accessible to a broader population.
How is EHang contributing to the local economy in Hefei?
EHang's partnership with Hefei promotes innovation, economic growth, and the establishment of a robust low-altitude economy, fostering collaborations with local industries and educational institutions.
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