EHang Delivers 5 Units of EH216-S AAVs to Boling in Shenzhen
29 September 2023 - 5:07PM
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the
world’s leading autonomous aerial vehicle (“AAV”) technology
platform company, announced that it has delivered five units of
EH216-S to a new customer, Shenzhen Boling Holding Group Co., Ltd.
(“Boling”), as part of Boling’s plan to purchase up to 100 units of
EH216-S from EHang. Boling’s purchase of up to an additional 95
units of EH216-S is conditioned upon EHang’s receipt of the EH216-S
type certification from the Civil Aviation Administration of China
(“CAAC”) and subject to the parties’ further agreement on details
such as delivery timeline.
The delivery of the first five units to Boling
in Shenzhen is the initial step of the Company’s commercial plans
in launching aerial tourism and sightseeing experience services in
Shenzhen under EHang’s strategic partnership with Bao’an District
government and joint efforts with local customer Boling. The AAVs
are expected to be used for regular flight operations at EHang’s
first Urban Air Mobility (“UAM”) Operation Demonstration Center at
OH Bay in Bao’an District following the CAAC’s type certification
of EH216-S, which will lay a solid foundation for future commercial
EH216-S operations in Shenzhen, a pioneering city dedicated to
developing China’s low-altitude economy.
EHang and Boling Signing Contract
Furthermore, Boling aims to be a long-term AAV
operator in Shenzhen through collaboration with EHang, and deploy
the EH216-S AAVs purchased for activities such as aerial
sightseeing and experience flights, further expanding the UAM
strategic layout in Shenzhen.
UAM is a key aspect of the low-altitude economy.
According to the recently released Implementation Plan for
Innovative Development of Low-Altitude Economy Industries in Bao'an
District, Shenzhen (2023-2025) by the local government, a multitude
of business scenarios will be developed in UAM, aerial sightseeing,
aerial logistics, emergency rescue, smart city management,
industrial applications, and entertainment. Over 50 unmanned flight
routes are planned with over 100 low-altitude aircraft take-off and
landing platforms deployed in a grid pattern.
Guanshen Xu, Chairman of Boling, stated, “The
low-altitude economy holds promising prospects, and I am thrilled
to collaborate with EHang, a leading company in this sector. We
look forward to taking the initiative in conducting flights at OH
Bay to accumulate practical experience for continuous expansion
across Shenzhen, as well as the Greater Bay Area encompassing
Guangdong, Hong Kong, and Macau. We are confident that integrating
passenger-carrying autonomous aerial vehicles with our businesses
will bring forth a more intelligent and convenient way of life for
everyone.”
Xin Fang, Chief Operating Officer of EHang,
stated, “As the type certification of EH216-S is close to
completion, our preparations for post-certification operations are
in full swing. Shenzhen Bao’an District, with its unique industrial
ecosystem and conducive conditions for developing the low-altitude
economy, is an ideal region for deploying commercial EH216-S
operations. EHang is pleased to join forces with Boling and pioneer
UAM operations in Shenzhen. We look ahead to working together in
developing UAM operations alongside promoting UAM solutions
worldwide by leveraging the high-quality resources in Bao’an
District.”
About BolingShenzhen Boling
Holding Group Co., Ltd. is a comprehensive integrated company that
combines various businesses, including the cultural and tourism,
international education, research and development of smart city
technologies, cultural and technology, exhibition services,
international trade, hotel management and operation, as well as
cross-border e-commerce.
About EHangEHang (Nasdaq: EH)
is the world's leading autonomous aerial vehicle (AAV) technology
platform company. Our mission is to make safe, autonomous, and
eco-friendly air mobility accessible to everyone. EHang provides
customers in various industries with AAV products and commercial
solutions: air mobility (including passenger transportation and
logistics), smart city management, and aerial media solutions. As
the forerunner of cutting-edge AAV technologies and commercial
solutions in the global Urban Air Mobility (UAM) industry, EHang
continues to explore the boundaries of the sky to make flying
technologies benefit our life in smart cities. For more
information, please visit www.ehang.com.
Media Contact: pr@ehang.com
Investor Contact:
ir@ehang.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d73562fd-2c93-4e54-b2ad-c73f27467af4
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