EHang, a leading autonomous aerial vehicle (“AAV”) technology platform company, announced the appointment of Mr. Huaxiang (Edward) Xu as Chief Strategy Officer of the Company (“CSO”), effective as of July 1, 2019.
Before joining EHang, Mr. Xu served as Head of Asia (ex-Japan) Transportation Research at Morgan Stanley. During his 15-year career as an equity research analyst at Morgan Stanley, he covered China’s aerospace and transportation industries extensively, including airlines, logistics, airports, and railways, among others. He had participated in several major IPO projects led by Morgan Stanley, such as ZTO Express (Cayman) Inc, Kerry Logistics Network Limited, Airasia Group BHD, BTS Rail Mass Transit Growth Infrastructure Fund, and BOC Aviation Limited. He has been ranked consistently among the Top 3 All-Asia Transportation Analyst by Institutional Investor magazine for the past few years and was well recognized among both the investment community and the logistics industry. Mr. Xu is a CFA charter holder and obtained an MBA degree from University of Illinois at Urbana-Champaign.
Mr. Xu reports to EHang’s founder, chairman and CEO, Mr. Huazhi Hu, and is in charge of the strategic planning and execution of the Company. Mr. Huazhi Hu said: “We believe Mr. Xu’s professional experiences and industry expertise in transportation, logistics and aviation will further strengthen EHang’s leading position in the global urban air mobility (“UAM”) industry, and empower EHang’s future growth.”
EHang is an AAV technology platform company and original equipment manufacturer (OEM) of the EHang 184 eVTOL, which is currently being flight tested. The company’s mission is to “make safe, autonomous and eco-friendly air mobility accessible to everyone.” EHang provides customers in various industries with AAV products and commercial solutions, including passenger transportation, logistics, smart city management and aerial media solutions.
Recently, EHang has also formed partnerships with DHL and FACC to strengthen their efforts and take advantage of potential synergies. the company even offered test rides in their EHang 184 eVTOL at the 4GAMECHANGERS Festival 2019. For more information, please visit EHang’s website.
Why it’s important
EHang is seeking market share in the growing global Urban Air Mobility industry, and has expressed its goal to “explore the boundaries of the sky to make flying technologies benefit our life in smart cities.” The company has also made significant strides toward bringing its vehicle to market in the near future, and a foundation of strong leadership with pertinent experience and business connections will likely facilitate a smooth product incorporation.
Source // EHang