EH - EHang Partners with Wencheng County Securing Order for 30 Units of EH216-S and Purchase Plan for Additional 270 Units | Benzinga
GUANGZHOU, China, June 21, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, announced that it has signed a cooperation agreement with the government of Wencheng County, Wenzhou City, Zhejiang Province, to jointly develop UAM and supporting public service ecosystem for the low-altitude economy. Based on this cooperation, Wencheng County Transportation Development Group Co., Ltd. has signed a purchase agreement with EHang for 30 units of the EH216-S and has already paid 50% of the total contract price as a pre-delivery down payment, with the remainder payable upon delivery. Additionally, the customer plans to purchase an additional 270 units of EH216-S by the end of 2026 and already paid a non-refundable deposit. Looking ahead, EHang and Wencheng County will work together in establishing a low-altitude industry chain across the region, including demonstration, sales, maintenance, and operations of pilotless passenger-carrying aerial vehicle, to create momentum and advantages that drives the development of economy and UAM ecosystem within Zhejiang Province.
Wencheng County, a top ten ecological tourism city in Zhejiang Province, is a typical demonstration county for low-altitude economy application scenarios in the southeastern coastal mountainous areas. With its rich natural resources, low-altitude economy application in Wencheng hold great potential. Wencheng County will join EHang to spearhead the development of aerial tourism and explore innovative commercial applications. This collaboration aims to provide thrilling aerial sightseeing experiences for visitors, utilizing the county's wealth of scenic natural attractions.
Within this year, Wencheng County plans to set up multiple aerial sightseeing routes at Tianding Lake, the Baizhangji Falls, the canyon, and ...