EH - EHang Secures RMB113 Million Order for 50 Units of EH216-S Pilotless eVTOLs from Xishan Tourism to Jointly Promote Low-Altitude Economy in North China | Benzinga
GUANGZHOU, China, May 31, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced it has signed a memorandum of understanding ("MoU") with Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. ("Xishan Tourism") to jointly develop the low-altitude economy in Taiyuan City, Shanxi Province, China. Concurrently with the signing of the MoU, Xishan Tourism has placed a purchase order for 50 units of EHang's EH216-S pilotless electric vertical takeoff and landing ("eVTOL") aircraft, and has paid the total contract price of RMB113 million (USD15.6 million) to EHang. Meanwhile, Xishan Tourism has signed a purchase plan agreement for an additional 450 units of EH216-S over the next two years. These aircraft will be deployed for aerial tourism, passenger transportation, and other low-altitude use cases to facilitate adoption and operations of pilotless eVTOL in North China.
(Picture: EHang and Xishan Tourism signed the MoU and purchase order)
According to the MoU, EHang and Xishan Tourism will collaborate to develop a Low-Altitude Economy Industrial Park in Taiyuan, where they can establish EHang's command-and-control center, marketing and exhibition center, operations center, after-sales service center, research institute, etc. By combining EHang's leading advantages and expertise in the low-altitude economy sector with Xishan Tourism's rich cultural and tourism resources, the collaboration aims to establish the largest eVTOL UAM operation base in North China.
EHang and Xishan Tourism plan to build EH216-S low-altitude sightseeing demonstration centers in the scenic areas of Xishan Mountain and Fenhe River in Taiyuan initially, with further plans to gradually expand pilotless eVTOLs application to Shanxi Province and North China to stimulate the growth of the low-altitude industry in the region.
Shanxi Province has been designated as a national demonstration province for the development of the general aviation industry, ...