GUANGZHOU, China, June 21, 2022 (GLOBE NEWSWIRE) — EHang Holdings Limited (EH) (“EHang” or the “Company”), a global leader in autonomous aerial vehicle (“AAV”) technology platform, announced today that it received an initial purchase order for five units of AAV EH216 from Tianxingjian Cultural Tourism Investment and Development LLC. (“Tianxingjian”), a company affiliated with the government of Jishou City in Hunan Province, China. The two sides plan to develop a scenic flight project in the Aizhai Wonder Tourist Area (“Aizhai Wonder”) in Jishou. Tianxingjian plans to purchase 25 more units of EH216 as the project progresses. It is an implementation of EHang’s previous strategic partnership with Jishou City Government for deep and extensive collaborations on Urban Air Mobility (“UAM”), such as air tourism, development of UAM infrastructure and operations center, training of professional technicians, etc. also represents one of the typical programs of EH216 in the field of air tourism in China with great market potential and application opportunities.
In recent years, the State Council and the Civil Aviation Administration of China have issued policies to propel and accelerate the integrated development of general aviation and air tourism. Considering this, EHang has expanded its cooperation with more partners to apply its AAV solutions in various tourist tourism use cases in China and abroad, leveraging the advantages of its industry-leading AAV solutions in safety, automatic flight, fleet management for large scale operations, profitability and sustainability.
Aizhai Wonder is a renowned landmark and is part of Aizhai Wonder Scenic Area, Shibadong Village and Dehang Canyon, a National 5A Scenic Spot in Hunan. During the Workers’ Day holiday in May, some tourists experienced EHang’s demonstration flights to visit the natural scenery of Aizhai Wonder.
“Jishou City Government is striving to develop strategic emerging industries for tourism. The integration of AAV EH216 technologies and cultural tourism resources of Aizhai can further enhance the tourism brand of Jishou,” said Xiufeng Wu, director of the management office of Dehang Scenic Spot in Jishou.
“Aizhai Wonder has a breathtaking landscape of steep cliffs, waterfalls and primeval forests, which makes it ideal for aerial tours, air mobility and related projects,” said Min Sun, chairman of Tianxingjian. “As the world leader in AAV technology platform, EHang has advanced software and hardware technologies as well as rich flight experience. With our respective combined advantages, we will work together to implement vertiports at sites scenic spots, including Aizhai Bridge and Jiulongxi Canyon, and to gradually roll out trial operations for aerial tours.
Xin Fang, COO of EHang, said, “We are delighted to partner with the government of Jishou City to jointly bring UAM solutions to Aizhai Wonder. EHang has been conducting trial operations for aerial tours since last year. We believe that with the expansion of our business, EH216 AAVs will fly to more scenic locations around the world, providing tourists with safe and comfortable aerial sightseeing experiences.
Video of the EH216 demonstration flights at Aizhai Wonder in Jishou, China:
EHang (EH) is the global leader in autonomous aerial vehicle (AAV) technology platforms. Our mission is to make safe, autonomous and environmentally friendly air mobility accessible to all. EHang provides customers from various industries with AAV products and business solutions: air mobility (including passenger transport and logistics), smart city management and air media solutions. As a forerunner of cutting-edge AAV technologies and business solutions in the global Urban Air Mobility (UAM) industry, EHang continues to explore the limits of the sky for flight technologies to benefit our lives in smart cities. . For more information, visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is 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 statements, including, but not limited to, those relating to EH216-S type certification, our expectations regarding demand and market acceptance of our AAV products and solutions and commercialization of UAM services, our relationships with strategic partners, and pending and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. Although they believe these expectations, assumptions, estimates and projections to be reasonable, these 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 the actual results, performance or achievements of EHang to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
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