EHang Partners with Sunriver to Revolutionize Cultural Tourism

EHang Expands Chinese Tourism with Sunriver Collaboration

GUANGZHOU, China – In an exciting development for the world of Urban Air Mobility (UAM), EHang Holdings Limited (NASDAQ: EH), a frontrunner in the sector, has recently entered into a significant partnership with Zhejiang Sunriver Culture and Tourism Co., Ltd. This collaboration aims to create an industrial model that blends low-altitude economy with cultural tourism in China.

Details of the Partnership

As part of their cooperation framework agreement, Sunriver has initiated plans to purchase 50 units of EHang's EH216-S, which is a cutting-edge pilotless passenger-carrying aircraft. This fleet is intended for use in various cultural tourism projects, aimed at enhancing tourist experiences. For its initial venture, Sunriver has ordered five units of the EH216-S, designed specifically for aerial tourism applications, with further deployments anticipated as their operations expand.

Sunriver's Vision for Cultural Tourism

Sunriver and its parent company have established a significant presence in the tourism sector, operating over 40 enthusiastic attractions across the country, such as Bailong Elevator and Huanglong Cave. Their innovative approach integrates cultural intellectual properties with tourism and technology, offering visitors a rich tapestry of cultural experiences paired with high-quality travel amenities through their platform, “Sunriver Travel.”

The Benefits of Low-Altitude Economies

In light of the promising intersection between the low-altitude economy and tourism, Sunriver has formed a new subsidiary focused on general aviation. This strategic move aims to exploit EHang's innovative eVTOL aircraft to deliver aerial sightseeing services across numerous destinations, thereby expanding their market influence.

Developing Smart Tourism Models

The collaboration also symbolizes a step forward in creating smart tourism models while enhancing market competitiveness. EHang, leveraging its extensive expertise in research and development as well as operational support, will play an integral role in this project. This partnership focuses on building a seamless experience for tourists, combining technology with exceptional service in popular scenic areas.

Statements from Leadership

In a statement regarding this partnership, Heng Wang, Chairman of Sunriver, emphasized their commitment to enriching lives through culture, tourism, and technology integration. The goal of employing the EH216-S in cultural tourism not only enhances visitor experiences but also revolutionizes the operational efficiencies within the sector. Wang expressed confidence in the expansive possibilities for low-altitude economic growth and the positive outcomes of their partnership with EHang.

Future Prospects

Mr. Conor Yang, Chief Financial Officer of EHang, also highlighted the significance of this partnership in terms of strategic expansion within smart low-altitude tourism. By championing the EH216-S aircraft, EHang aims to set benchmarks within the industry, offering tourists safer and more eco-friendly travel options. This initiative is anticipated to foster innovation and sustainable growth within the dynamic landscape of low-altitude tourism in China.

About EHang and Sunriver

EHang (NASDAQ: EH) celebrates its status as a leading urban air mobility company, committed to unlocking safe and reliable aerial transportation for all. Their flagship product, the EH216-S, has gained international recognition with key certifications, solidifying EHang's position in the pioneering UAV market.

On the other hand, Sunriver (600576.SH) has emerged as a notable force in the tourism sector, driven by its dedication to enhancing the travel experience through a unique blend of cultural and technological innovations. Their mission fosters a vision where tourism can contribute meaningfully to enriching lives.

Frequently Asked Questions

What is the main goal of the EHang and Sunriver partnership?

The partnership aims to integrate low-altitude technology with cultural tourism, enhancing tourist experiences across various attractions.

How many EH216-S units is Sunriver planning to purchase?

Sunriver plans to purchase 50 units of the EH216-S aircraft for its cultural tourism projects.

What specific applications will the EH216-S serve?

The EH216-S will be utilized mainly for aerial tourism, providing unique sightseeing experiences for visitors.

What benefits does EHang anticipate from this collaboration?

EHang expects to advance its commercial operations and strengthen its brand presence in China's growing low-altitude tourism market.

What makes Sunriver's approach to tourism unique?

Sunriver combines cultural intellectual properties with tourism and technology, providing a diverse range of experiences and high-quality services.

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