EHang Holdings Limited (NASDAQ:EH) said it has delivered a new batch of EH216-S pilotless aircraft, or the electric vertical takeoff and landing (eVTOL), fortifying its footprint in China’s “low-altitude” industry.
The company confirmed it received full payment for the new batch of 30 units ordered by Wencheng County Transportation Development Group Co Ltd in Wenzhou, Zhejiang province, of which it has delivered 27.
In recent years, China has relaxed its regulation of low-altitude airspace to foster the growth of a low-altitude economy, creating fresh prospects for eVTOL manufacturers, CnEV Post reported.
Priced at RMB 2.39 million, the ...