EH - EHang Holdings Stock Is Rising: What's Going On? | Benzinga
EHang Holdings Ltd (NASDAQ:EH) shares are trading higher Monday after the company reportedly began selling its EH216-S flying taxi on Taobao.
What Happened: Aerial vehicle company EHang has started selling its EH216-S vehicle on Chinese online shopping platform Taobao for 2.39 million yuan ($332,000), according to Reuters.
The news comes after EHang gained safety approval from the Civil Aviation Administration of China in October. The regulator said at the time that EHang fully complied with its safety standards and airworthiness requirements, setting the stage for EH216-S to conduct passenger-carrying UAV ...