EHang Partners with Weihai High-Tech Zone for eVTOL Growth

EHang's Strategic Partnership with Weihai for eVTOL Development

GUANGZHOU, China - EHang Holdings Limited (NASDAQ: EH), recognized as a frontrunner in the electric vertical takeoff and landing (eVTOL) industry, has formalized a project cooperation agreement with the Weihai High-Tech Zone. This collaboration marks a significant advancement in urban air mobility (UAM), as both entities embark on a mission to develop an ecosystem surrounding pilotless eVTOL technology in the backdrop of China's booming low-altitude economy.

Establishing a New Industrial Ecosystem

The collaboration unveils ambitious plans to co-create a research and manufacturing hub dedicated to pilotless eVTOLs within Shandong Province. The recently signed purchase agreement involves an order for 30 units of the EH216-S pilotless passenger eVTOLs, signaling a strong commitment from both parties to push the envelope in aerial technology.

Creation of a Comprehensive Low-Altitude Economy

Dedicated to boosting the local economy, EHang and the Weihai High-Tech Zone aim to develop an industrial park that interlinks various sectors including cultural tourism. This initiative envisages an environment where low-altitude travel marries scenic experiences, promoting not just tourism but also enhancing the economic fabric of the region. With efforts channeled toward combining scenic spots with modern technological experiences, both entities envision practical applications that will reshape travel in Weihai.

Enhancing Low-Altitude Tourism Offerings

Integral to this partnership is the rollout of low-altitude tourism services targeting key local attractions such as Weihai International Beach and Xiaoshi Island. The strategy includes comprehensive route planning and necessary infrastructural development to facilitate the operation of these eVTOLs. EHang’s expertise will guide the local operators in essential training, preparing them to meet the stringent requirements set out for commercial aerial operations.

Broadening Horizons through Technological Integration

EHang's COO Zhao Wang emphasizes the multifaceted potential of the EH216 series, highlighting its role across various sectors including tourism and emergency response. By enhancing commercial flights, the company aims to offer a unique travel experience that is more accessible and affordable than traditional helicopter tours. This commitment aligns with EHang's broader mission to advance smart, eco-friendly, and intelligent air mobility solutions for the public.

Outlook for the Low-Altitude Economy in Shandong

The developments in Weihai align with Shandong Province's robust Three-Year Action Plan designed to cultivate a thriving low-altitude economy. This strategic plan aims to establish hundreds of takeoff-and-landing platforms and implement innovative flight routes, contributing towards the province's vision of scaling the low-altitude economy to a target worth RMB100 billion by 2027.

Regional Commitment to Future Growth

Officials from the Weihai High-Tech Zone express their dedication to advancing regional development through the low-altitude economy while ensuring that support systems are in place for EHang's operational base. This initiative signifies a potential boom for local industries, driving innovation and collaboration that will enhance both economic growth and job creation.

Frequently Asked Questions

What is the main objective of the agreement between EHang and Weihai?

The primary goal is to develop a pilotless eVTOL industrial ecosystem that integrates with the local economy, particularly in cultural tourism, enhancing both sectors.

How many eVTOLs were ordered as part of the cooperation?

A total of 30 units of EH216-S pilotless passenger eVTOLs have been ordered and fully paid for under the purchase agreement.

What are the expected impacts of this partnership?

This collaboration aims to advance the development of low-altitude air travel, boost tourism, and foster economic growth in the Weihai region.

Which attractions will benefit from the low-altitude services?

Key tourist sites such as Weihai International Beach and Xiaoshi Island are set to host the low-altitude sightseeing services offered by EHang.

What is EHang's vision for the future of air mobility?

EHang envisions a future of safe, eco-friendly, and cost-effective air mobility options that are accessible to the general public, enhancing urban transport solutions.

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