EHang Companions with Changan Car on Flying Vehicles to Create an Modern Manner for Private Transportation By Investing.com

GUANGZHOU, China, Dec. 21, 2024 (GLOBE NEWSWIRE) — EHang Holdings Restricted (Nasdaq: EH) (“EHang” or the “Company”), the world’s main City Air Mobility (UAM) know-how platform firm, as we speak introduced the signing of a strategic cooperation settlement with Chongqing Changan Car Co., Ltd., (Changan Car), a number one Chinese language automobile producer listed on the Shenzhen Inventory Alternate (ticker image:000625), within the presence of the Chongqing Municipal Authorities and representatives from numerous {industry} sectors. The events will collaborate on the analysis and improvement, manufacturing, gross sales, and operation of flying car-related merchandise, together with electrical vertical takeoff and touchdown (eVTOL) plane and revolutionary flying vehicles. Leveraging EHang’s robust product improvement capabilities in aerial autos and low-altitude flight administration know-how options and mixing Changan Car’s strong manufacturing and manufacturing basis and wealthy market assets within the automotive sector, the events will discover the institution of a three way partnership centered on future mobility ecosystem applied sciences. This cross-industry strategic partnership will additional enrich and broaden EHang’s eVTOL product line, unlocking an enormous potential marketplace for flying vehicles concentrating on a broad C-end buyer base.

Zhao Wang, Chief Working Officer of EHang and Xiaoyu Zhang, Government Vice President of Changan Car signal a strategic cooperation settlement

The signing ceremony was held on the deliberate web site of the Changan World Science and Artwork Heart in Chongqing. Distinguished attendees included Henghua Hu, Deputy Secretary of the Chongqing Municipal Committee and Mayor of Chongqing, and Xiangdong Zheng, Vice Mayor of Chongqing, and administration from Changan Car, together with Huarong Zhu, Chairman; Jun Wang, President; and Benhong Tan, Chief Human Sources Officer. Additionally current have been EHang’s Huazhi Hu, Founder, Chairman, and CEO; Zhao Wang, Chief Working Officer, and Conor Yang, Chief Monetary Officer. Ceremony highlights included a flight of the EH216-S pilotless passenger-carrying eVTOL plane.

The EH216-S pilotless eVTOL performs a flight demonstration on the signing ceremony, whereas the EH216-F and EH216-L pilotless eVTOLs are displayed on-site

As one in every of China’s prime 4 automotive teams, Changan Car boasts robust capabilities in R&D, manufacturing infrastructure, provide chain, gross sales channel assets, and vital market affect in car market. EHang, as a pioneer within the international UAM sector, is main the way in which within the R&D and design, mass manufacturing, certifications and large-scale protected operation for pilotless passenger-carrying eVTOL plane. Below this settlement, the 2 events will leverage their respective strengths and assets to collectively develop flying vehicles and with cutting-edge applied sciences, future-oriented design, and market competitiveness. The collaboration covers R&D, manufacturing, market promotion, channel improvement, person expertise and after-sales service, whereas integrating low-altitude economic system functions to speed up the commercialization of flying vehicles and EHang’s pilotless eVTOL merchandise.

The signing ceremony of the strategic cooperation settlement between EHang and Changan Car

The low-altitude economic system represents a nationwide strategic rising {industry} and a brand new high quality productive pressure. The 2024 Central Financial Work Convention clearly identified the significance of main the event of recent forms of productive forces with technological innovation and finishing up large-scale software demonstrations of recent applied sciences, merchandise, and situations. The Ministry of Trade and Data Know-how and different departments in China have proposed to encourage the analysis and improvement of flying automobile applied sciences, product validation, and the exploration of economic software situations, with a powerful concentrate on creating unmanned, electrical, and clever low-altitude gear. As a brand new kind of plane for the event of the low-altitude {industry}, eVTOLs have huge improvement potential. In keeping with information by the Civil Aviation Administration of China, the dimensions of China’s low-altitude economic system exceeded 500 billion yuan in 2023, and it’s anticipated to achieve 2 trillion yuan by 2030, with the market doubtlessly rising to three.5 trillion yuan by 2035.

Earlier this 12 months in September, the Chongqing Municipal Authorities Workplace issued the Motion (WA:) Plan for Selling Low-Altitude Airspace Administration Reform and Excessive-High quality Improvement of the Low-Altitude Economic system (2024“2027). The plan goals to place Chongqing as an revolutionary benchmark metropolis in low-altitude economic system and helps clever car producers in exploring eVTOL R&D and manufacturing. EHang and Changan Car are collaboratively aligning with the low-altitude economic system improvement technique, basing methods upon Chongqing’s favorable insurance policies to speed up the complementary integration of the automotive and low-altitude economic system {industry}. The emergence of a brand new era of low-altitude mobility merchandise will introduce a higher-quality, extra environment friendly, and environmental-friendly three-dimensional transportation resolution designed to satisfy the challenges of Chongqing’s complicated mountainous terrain. This innovation will set a brand new benchmark for advancing the low-altitude economic system.

Huarong Zhu, Chairman of Changan Car, talking on the strategic cooperation signing ceremony

Huarong Zhu, Chairman of Changan Car, mentioned:”The cooperation between Changan Automobile and EHang in the development of flying cars is of great significance, allowing both parties to leverage their respective strengths. Over the next five years, Changan Automobile plans to invest more than 20 billion yuan in the low-altitude economy sector to accelerate the development of the flying car industry. Over the next decade, we will invest more than 100 billion yuan to explore integrated mobility solutions across land, sea and air.”

Huazhi Hu, Founder, Chairman, and CEO of EHang, talking on the strategic cooperation signing ceremony

Huazhi Hu, Founder, Chairman, and CEO of EHang, said:”During this rapid development stage of the low-altitude economy, EHang remains committed to collaborating with upstream and downstream partners to enhance the pilotless eVTOL industrial chain and its ecosystem. We look forward to more cross-industry cooperation with mature domestic automakers, leveraging each other’s strengths and resources to create complementary and synergistic effects, continuously enriching and developing eVTOL product series that cater to diverse scenario demands and customers. This strategic partnership with Changan Automobile, aimed at jointly advancing the R&D, manufacturing, sales, and operation of next-generation flying cars product, will further enrich the ecosystem of the low-altitude economy and offer consumers more travel options.”

About EHangEHang (Nasdaq: EH) is the world’s main city air mobility (UAM) know-how platform firm. Our mission is to allow protected, autonomous, and eco-friendly air mobility accessible to everybody. EHang supplies clients in numerous industries with unmanned aerial car (UAV) techniques and options: air mobility (together with passenger transportation and logistics), good metropolis administration, and aerial media options. EHang’s flagship product EH216-S has obtained the world’s first kind certificates, manufacturing certificates and normal airworthiness certificates for pilotless eVTOL issued by the Civil Aviation Administration of China. Because the forerunner of cutting-edge UAV applied sciences and business options within the international UAM {industry}, EHang continues to discover the boundaries of the sky to make flying applied sciences profit our life in good cities. For extra data, please go to www.ehang.com.

About Changan Car Changan Car is likely one of the 4 main Chinese language car teams, with 40 years of automobile manufacturing expertise, we have now 14 manufacturing bases and 34 crops worldwide. As a number one Chinese language automobile producer, CHANGAN Car has self-owned manufacturers together with CHANGAN UNI, CHANGAN NEVO, CHANGAN LCV, DEEPAL, AVATR, and three way partnership manufacturers together with CHANGAN Ford (NYSE:), CHANGAN Mazda, and JMC. Changan Car has greater than 18,000 engineers and technicians from 31 nations all over the world, and has established R&D community of ten cities in six nations in Chongqing, Beijing, Shanghai, Dingzhou in Hebei, Hefei in Anhui, Turin in Italy, Yokohama in Japan, Birmingham within the UK, Detroit within the US and Munich in Germany.

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