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Ehang 216 Passenger Automobiles Take Flight: Aerial Mobility in China

EHang Q2 2022 Earnings Call, aerial mobility in ChinaEHang’s EH216-S Passenger-Carrying Aerial Automobiles Efficiently Carried out Business Flight Demonstrations in Guangzhou and Hefei: Shifting Aerial Mobility in China Ahead

EHang Holdings Restricted (Nasdaq: EH), a worldwide chief in city air mobility (“UAM”) expertise, has introduced the profitable debut industrial flight demonstrations of its licensed EH216-S pilotless passenger-carrying aerial automobiles in Guangzhou and Hefei. These occasions signified a big milestone in normalizing EH216-S flights for aerial sightseeing at native scenic spots, and for aerial mobility in China.

Each cities, strategic companions with EHang, had been chosen as extra demonstration places for UAM operations to determine a number one presence within the rising low-altitude financial system trade.

The grand launch occasions at Jiulong Lake Park in Guangzhou and Luogang Central Park in Hefei showcased the EH216-S plane, which had obtained Customary Airworthiness Certificates from the Civil Aviation Administration of China (CAAC). Authorities officers, residents, and representatives from numerous sectors skilled EH216-S flights, highlighting important curiosity on this revolutionary type of air mobility.

The primary EH216-S passenger-carrying unmanned aerial car, geared up with the world’s first commonplace airworthiness certificates, was efficiently delivered to ETON, an clever aviation expertise subsidiary. Operational websites, together with Jiulong Lake in Guangzhou and extra beneath improvement in Huangpu district, mark the start of EH216-S deployment for aerial sightseeing and logistics.

Guangzhou Growth District Communications Funding Group Co., Ltd. and Guangzhou Industrial Funding Capital collectively introduced the institution of a RMB 10 billion Guangzhou Growth District Low-Altitude Business Enterprise Capital Fund.

In Hefei, the Luogang Central Park, reworked from the previous Hefei Luogang Worldwide Airport, has been designated as an electrical vertical take-off and touchdown (“eVTOL”) plane operation web site. The Hefei authorities plans to collaborate with EHang to develop aerial sightseeing flight routes to extra scenic spots.

Underneath a strategic partnership settlement with EHang, the Hefei Municipal Authorities plans to buy not less than 100 items of EH216 collection pilotless aerial automobiles or present financing help of as much as US$100 million.

Recognizing the low-altitude financial system as a strategic rising trade, each Guangzhou and Hefei have positioned themselves as pivotal gateways for China’s rising low-altitude financial system. The Guangzhou Huangpu district authorities has launched detailed guidelines to advertise high-quality improvement of the low-altitude financial system, providing subsidies of as much as RMB 30 million for eligible initiatives.

Mr. Jie Chen, Standing Committee Member of Guangzhou Municipal Committee, Govt Vice Mayor of Guangzhou, and Secretary of Huangpu District Committee, expressed confidence that the debut industrial flight demonstrations would increase trade confidence and expedite its improvement.

In Hefei, the federal government launched the Motion Plan for Low-Altitude Financial Growth of Hefei (2023-2025), outlining 20 pointers to construct a low-altitude financial system cluster, testing and airworthiness certification base, flight service and administration platform, and industrial flight routes for aerial tourism and logistics.

Mr. Huazhi Hu, Founder, Chairman, and CEO of EHang, emphasised the corporate’s progress within the international UAM trade:

“We’re excited that EHang continues trailblazing within the international rising UAM trade. From the world’s first-of-its-kind pilotless passenger-carrying aerial car system kind certificates, our first supply with commonplace airworthiness certificates, to right this moment’s debut industrial flight demonstrations with licensed EH216-S plane in Guangzhou and Hefei, we’re making regular progress in the direction of industrial operations, as deliberate. This fast development has been bolstered by the unwavering help of our companions, regulators and nationwide insurance policies targeted on creating China’s low-altitude financial system, particularly in UAM. We’re assured that our concerted efforts will guarantee a easy launch of business operations for EH216-S in these pioneering cities within the close to future.”

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