EHang and Enpower Form Strategic Partnership for Advanced eVTOL Integrated Electric Motor Drive Systems
11 November 2024 - 11:55AM
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the
world’s leading Urban Air Mobility (“UAM”) technology platform
company, today announced a long-term strategic partnership and
technology development cooperation with Zhuhai Enpower Electric
Co., Ltd. (“Enpower”, SZ300681), a pioneer in new energy vehicle
(“NEV”) power systems, to co-develop high-performance electric
motors and motor controllers for EHang’s suite of electric vertical
take-off and landing (“eVTOL”) aircraft.
(Photo: Signing Ceremony of Strategic
Partnership and Technology Development Cooperation Agreements
between EHang and Enpower)
The collaboration will focus on creating
customized electric motor drive systems that meet the unique
specifications of EHang’s diverse eVTOL products and the rigorous
airworthiness requirements of civil aviation authorities. Enpower’s
state-of-the-art “integrated core” technology will be instrumental
in refining the motor solutions of EHang eVTOLs, targeting an
integrated design of electric motors and motor controllers with
lighter weight, higher power density, superior cooling performance,
and broader compatibility across EHang’s eVTOL models. This
strategic move is set to elevate the performance and reliability of
EHang’s eVTOL fleet, addressing the industry’s evolving needs.
“Enpower is thrilled to join forces with EHang,
a true pioneer in the eVTOL sector,” said Mr. Guibin Jiang,
Chairman of Enpower. “By combining our nearly two decades of
expertise in electric power systems with EHang’s leadership in
intelligent eVTOL, we are poised to innovate and industrialize
top-tier motor solutions, propelling the UAM industry to new
heights.”
Mr. Huazhi Hu, EHang’s Founder, Chairman and
Chief Executive Officer, commented, “At EHang, we are committed to
realizing urban air mobility. This strategic partnership with
Enpower not only validates our vision but also provides the
necessary impetus for our goals. Together, we will redefine the
future of transportation, making it safer, more efficient, and
environmentally friendly. We look forward to the collaboration with
more partners from upstream and downstream in the UAM sector and
the achievements that lie ahead.”
About EHangEHang (Nasdaq: EH)
is the world’s leading urban air mobility (“UAM”) technology
platform company. Our mission is to enable safe, autonomous, and
eco-friendly air mobility accessible to everyone. EHang provides
customers in various industries with unmanned aerial vehicle
(“UAV”) systems and solutions: air mobility (including passenger
transportation and logistics), smart city management, and aerial
media solutions. EHang’s flagship product EH216-S has obtained the
world’s first type certificate, production certificate and standard
airworthiness certificate for pilotless eVTOL issued by the Civil
Aviation Administration of China. As the forerunner of cutting-edge
UAV technologies and commercial solutions in the global 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.
About EnpowerEstablished in
2005, Zhuhai Enpower Electric Co., Ltd. is a leading NEV power
system provider, listed on the ChiNext Market of Shenzhen Stock
Exchange (stock code: 300681). Known for its innovative “integrated
core” technology, Enpower partners with major automotive and
component groups worldwide, offering products that are efficient,
lightweight, and cost-effective. For more information, please visit
www.enpower.com.
Safe Harbor StatementThis press
release contains statements that may constitute “forward-looking”
statements pursuant to the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “aims,” “future,” “intends,”
“plans,” “believes,” “estimates,” “likely to” and similar
statements. Statements that are not historical facts, including
statements about management’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to those
relating to certifications, our expectations regarding demand for,
and market acceptance of, our products and solutions and the
commercialization of UAM services, our relationships with strategic
partners, and current litigation and potential litigation involving
us. Management has based these forward-looking statements on its
current expectations, assumptions, estimates and projections. While
they believe these expectations, assumptions, estimates and
projections are reasonable, such forward-looking statements are
only predictions and involve known and unknown risks and
uncertainties, many of which are beyond management’s control. These
statements involve risks and uncertainties that may cause EHang’s
actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or
implied by these forward-looking statements.
Media Contact: pr@ehang.com
Investor Contact: ir@ehang.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/04da94bf-6c3b-44f2-940f-ed20e6218b47
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