Tag: ehang
EHang Launches Aerial Tourism Program with Greenland Hong Kong
EHang has announced the launch of its urban air mobility services with recently disclosed strategic partner Greenland Hong Kong Holdings Limited. The new services, which will be conducted firstly on a trial basis, include an aerial sightseeing program and aerial media shows. Both of these services will be deployed in the Greenland Hong Kong Forest Lake project located in Zhaoqing, a...

EHang Launches Aerial Tourism Program with Greenland Hong Kong

EHang has announced the launch of its urban air mobility services with recently disclosed strategic partner Greenland Hong Kong Holdings Limited. The new services, which will be conducted firstly on a trial basis, include an aerial sightseeing program and aerial media shows. Both of these services will be deployed in the Greenland Hong Kong Forest Lake project located in Zhaoqing, a popular tour destination city in Guangdong, China. EHang’s press release stated that they intend to work jointly with Greenland Hong Kong over time to offer aerial tourism services using EH216 AAVs in additional cities.
The first stage of the partnership is a base for EH216 operations in Forest Lake, which will be independently run by EHang. This base will serve as the launch point for aerial sightseeing services to passengers. Forest Lake is located close to the new Zhaoqing-Pearl River Delta-Hub Airport, still under construction. The area offers abundant tourism attractions, including 7 natural lakes and wetlands covering 3 million square meters.
EHang claims that aerial sightseeing has strong demand and huge market potential relative to urban aerial mobility. In early 2017, the Chinese Ministry of Transport, the Ministry of Culture and Tourism and the Civil Aviation Administration jointly issued “Suggestions on Promoting the Integrated Development of Transportation and Tourism”. This directive supported the development of aerial sightseeing by encouraging key tourist cities and eligible scenic spots to carry out pilot programs for civil aviation tourism as well as to open low-altitude flight routes. Low-altitude tourism in China could reach 4.2 billion passengers in coming years, leading to a market size of RMB58.5 billion, according to forecasts from the China Air Transport Association.
Why it’s important: EHang’s quoted advantages of their EH216 autonomous aerial vehicles when compared to conventional single-propeller helicopters include higher safety levels, lower noise levels, lower costs, and zero emissions during operation. If these advantages are supplanted by operational data that supports their validity, vehicles such as EH216 AAVs have the potential to become more widely used for low-altitude aerial sightseeing applications and more in the near future.
EHang Implements Air Transport to Aid Coronavirus Medical Emergencies
EHang Holdings Limited (Nasdaq: EH) has announced new progress in implementing real-world Urban Air Mobility (UAM) applications for medical emergency transport uses to combat the coronavirus outbreak in China. Related: EHang’s IPO Results in $662 Million Valuation In recent exercises for the prevention and control of coronavirus epidemic organized by the local authorities of Hezhou city in Guangxi province, EHang 216, the two-seat passenger-grade AAV...

EHang Implements Air Transport to Aid Coronavirus Medical Emergencies

EHang Holdings Limited (Nasdaq: EH) has announced new progress in implementing real-world Urban Air Mobility (UAM) applications for medical emergency transport uses to combat the coronavirus outbreak in China.
Related: EHang’s IPO Results in $662 Million Valuation
In recent exercises for the prevention and control of coronavirus epidemic organized by the local authorities of Hezhou city in Guangxi province, EHang 216, the two-seat passenger-grade AAV successfully transported medical supplies from Hezhou Square to the Hezhou People’s Hospital, which is 4 kilometers apart, by accurately landing on a 25-story rooftop of the hospital.
The EHang 216 AAV autonomously returned following the delivery. The 8-kilometer round-trip flight operation was unmanned which is critical in current epidemic situation. This has opened up a new opportunity for EHang’s AAVs in immediate UAM applications such as medical emergency transport, which currently largely relies on ambulance cars or helicopters.
More importantly, designed as a passenger-grade AAV, EHang 216 can not only transport medical supplies, but also transport personnel in emergency situations. Edward Xu, EHang’s Chief Strategy Officer (CSO), took a 4-kilometer autonomous flight from the city center and landed safely on the rooftop of the hospital (picture below) in one of the series of urban passenger-carrying flights to test run this use case in Hezhou, including the flights at nights, with the range covering the whole city (over 15 kilometers) and at a cruising speed as high as 90 kilometers per hour.
Related: EHang Successfully Completes First US Trial Flight
EHang 216 preparing to land with CSO Edward Xu aboard, proving its ability to assist in the fight against the coronavirus outbreak. Credit // EHang
“Personally, I’m proud to be one of the passengers to take the initial autonomous flights for medical emergency transport, and enjoyed the safe, fast and smooth journey. In urban emergency situation, this enables people or goods to be transported efficiently across the city in nearly straight-line routes. More importantly, as a passenger, I was free to enjoy my tea and urban scenery during the whole flight as everything was automatically piloted,” said Edward. “Such successful flights have demonstrated EHang’s capabilities in delivering safe and high quality AAVs to meet mission-critical demands in real life. We will continue to implement more UAM applications.”
Why it’s important: From surveillance to medical supply deliveries, China has deployed many cutting edge technologies in support of the fight against the coronavirus outbreak. EHang has proven the ability of its 216 eVTOL to support in these critical circumstances, and is not the first demonstration of aerial mobility technology being used in real-world medical support applications. An increase in the variety of successful executions of urban air mobility technology continues to advance the mobility industry and expand what many have thought possible for the utility of these vehicles.
EHang Announces Pricing of Initial Public Offering
EHang stock debuted on the NASDAQ exchange this Thursday, priced at $12.50 per share. According to an official release of the IPO terms, the pricing of EHang’s initial public offering of 3,200,000 American Depositary Shares (“ADSs”) represents 6,400,000 Class A ordinary shares at a public offering price of $12.50 per ADS. In addition, EHang has granted the underwriters a 30-day...

EHang Announces Pricing of Initial Public Offering

EHang stock debuted on the NASDAQ exchange this Thursday, priced at $12.50 per share.
According to an official release of the IPO terms, the pricing of EHang’s initial public offering of 3,200,000 American Depositary Shares (“ADSs”) represents 6,400,000 Class A ordinary shares at a public offering price of $12.50 per ADS. In addition, EHang has granted the underwriters a 30-day option to purchase up to an additional 480,000 ADSs at the initial public offering price. The ADSs began trading on the Nasdaq Global Market on Thursday December 12, 2019 under the symbol “EH,” opening at $12.55 and closed at $12.49. The offering is expected to close on Monday December 16, 2019, subject to customary closing conditions.

Credit // Bloomberg
The debut price of $12.50 per share valued the IPO of Guangzhou-based EHang at $684 million, and the company has raised over $40 million incidental to its IPO. These announcements both come after the autonomous aerial vehicle (AAV) technology platform company announced an initial valuation of $100 million just one month ago. If underwriters were to exercise the option to purchase the additional 480,000 ADS’s at the IPO price of $12.50, that could potentially add up to $12 million to the total valuation of the company.
Related: EHang Prepares For $100 Million IPO on Nasdaq
However, EHang has made other recent advancements in developing and testing its technology platform. Most recently EHang took the next step towards launching a pilotless air taxi route in Guangzhou, which continued the company’s progress toward its aerial mobility vision. In October, the AAV manufacturer also announced a key partnership with Vodafone, as well as a UAV Control Center at Heydar Aliyev Airport alongside Azerbaijan Airlines.
Morgan Stanley & Co. LLC, is acting as the sole bookrunner for the offering, and Needham & Company, LLC, Tiger Brokers (NZ) Limited and Prime Number Capital, LLC are acting as co-managers for the offering. A registration statement relating to the ADSs being sold in this offering was declared effective by the Securities and Exchange Commission on December 11, 2019. The offering is being made by means of a prospectus, copies of which may be obtained, when available, for free by visiting the SEC’s website at www.sec.gov.
Why it’s important: Although the valuation for EHang was lower than anticipated, the successful IPO of an aerial mobility technology company is a major step for the emerging industry. The IPO release will provide an immense opportunity for EHang to further develop and test its vehicles, as well as seek out additional business opportunities. This new influx of capital could be the necessary provision for the company to take its product commercial operation and widespread production.
Read more news about EHang here.
Source // EHang
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EHang Establishes UAV Control Center at Heydar Aliyev Airport
EHang and Azerbaijan Airlines join to manage UAV traffic at Heydar Aliyev International. The agreement was signed on October 9, 2019 in Baku by EHang Founder, Chairman and CEO Huazhi Hu and Azerbaijan Airlines (AZAL) President Jahangir Asgarov. EHang has recently made signficant strides in advancing the operations and implementation of its cutting-edge autonomous air vehicle (AAV) technologies, and is...

EHang Establishes UAV Control Center at Heydar Aliyev Airport

EHang and Azerbaijan Airlines join to manage UAV traffic at Heydar Aliyev International.
The agreement was signed on October 9, 2019 in Baku by EHang Founder, Chairman and CEO Huazhi Hu and Azerbaijan Airlines (AZAL) President Jahangir Asgarov.
EHang has recently made signficant strides in advancing the operations and implementation of its cutting-edge autonomous air vehicle (AAV) technologies, and is now considering filing for a U.S. initial public offering (IPO). The company continues to seek worldwide opportunities to increase deliveries of vehicles and begin flights in cities, proven by over 100 passenger-carrying autonomous test flights.
The command-and-control center will allow Azerbaijan Air Navigation Services (AZANS), the air navigation services provider for the Republic of Azerbaijan, to control UAV traffic on the airport’s premises and prevent the unauthorized use of UAVs. It will be fully integrated with the Azerbaijani air traffic control system, serving more than 500 aircraft daily, 300 of which are transit flights over Azerbaijan.
The command-and-control center will also equip AZANS with technologies including 3D mapping and terrain scanning to support airfield design and aerial navigation map development. A future web application could include UAV and pilot registration information, certification documents and permissions for flight procedures. As part of the agreement, EHang will also train UAV specialists at the National Academy of Aviation of Azerbaijan and build a UAV management simulator complex.
“UAVs represent a significant opportunity to optimize airport operations, but it is important to launch them into the right infrastructural framework,” said Hu Huazhi. “Our command-and-control center enables the seamless integration of new aerial mobility options into existing air traffic patterns and we are excited to partner with AZANS on this project, which paves the way for future partnerships with aviation authorities globally.”
Why it’s important: Heydar Aliyev International Airport has set a convincing precedent as it recently became the first airport in the world to completely switch to Cloud technologies. Now, the implementation of a UAV traffic management system further demonstrates ways by which airports can prepare for technological advancements in aviation and airspace management.
Morgan Stanley Transportation Expert Joins EHang as Chief Strategy Officer
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,...

Morgan Stanley Transportation Expert Joins EHang as Chief Strategy Officer

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.

Morgan Stanley’s Asia Transportation Research Head, Mr. Huaxiang (Edward) Xu, Joins EHang as Chief Strategy Officer.
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.”
About EHang
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
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Test Ride EHang’s Autonomous Air Vehicle This April
The Chinese Original Equipment Manufacturer, EHang, is one of the many companies progressing the urban air mobility industry as the idea of autonomous air taxis approaches reality. However, “innovation requires acceptance”. That is why EHang has joined a strategic partnership with FACC, the Austrian aviation company, and ProSiebenSat.1 PULS 4. ProSiebenSat.1 PULS 4 is a company with a mission to promote...

Test Ride EHang’s Autonomous Air Vehicle This April

The Chinese Original Equipment Manufacturer, EHang, is one of the many companies progressing the urban air mobility industry as the idea of autonomous air taxis approaches reality. However, “innovation requires acceptance”. That is why EHang has joined a strategic partnership with FACC, the Austrian aviation company, and ProSiebenSat.1 PULS 4.
ProSiebenSat.1 PULS 4 is a company with a mission to promote the mobility systems of the future. Through a media platform, they have cultivated an ecosystem to address the “future of mobility issues” and have organized a festival around this same idea. “The 4GAMECHANGERS Festival 2019 represents the starting gun for a broad media treatment in information, discussion, and docutainment formats on several broadcasters and on partner media.” At the Festival from April 9-11, attendees will have the chance to take a ride in EHang’s autonomous air vehicle for the first time.

EHang’s partnership with composites manufacturer FACC will optimize the EHang 184 for production.
ProSiebanSat, FACC, and EHANG plan to take their autonomous air vehicle (AAV) to series production in Austria. Within the partnership, EHang is the “inventor and expert for all questions having to do with autonomous flying, especially with respect to connectivity and software solutions”, according to a recent press release. The triad’s goal is to advance and accelerate the future of air urban air mobility, and they “view the project as a chance for Austria and Europe as a whole to position themselves as pioneers”. By expediting the creation of a test area and coordinating with politicians and aviation authorities, the group hopes to tackle the challenge of regulation.

For technical specifications on EHang’s AAV, visit the Hangar.
While the regulatory hurdles are high, ProSiebenSat.1 PULS 4 has created www.urban-air-mobility.io as a platform to increase the accessibility and public exposure of these challenges, as well as the progress that is being made to address them. Also, EHang CEO Mr. Huazhi HU states that “given stable 5G infrastructures, autonomous flying will soon be reality, offering customers a new dimension of convenience.” Interestingly, it is likely that autonomous flying vehicles will be in service even before commercialized autonomous cars due to the simplicity of aerial transit route design.
Why it’s important: EHang, FACC, and ProSiebenSat.1 PULS 4 have detailed a plan to produce their AAV in Austria, while also encouraging other urban air mobility companies by providing a path for regulation and public acceptance. Additionally, the GAMECHANGERS Festival will provide the first public opportunity to ride in an autonomous air vehicle slated for commercialization. These milestones mark great advancement in the urban aviation industry as a whole.
EHANG shares 2018 Recap; Overview of Passenger Flights
Ghuangzhou, China based EHANG released a video of some of their most notable passengers during flight demonstrations of the EHANG 184 air taxi during 2018. Notable persons include FACC executives, VC Fund Managers, the Mayor of Ghuangzhou, and others. The release of this video comes after the company announced on November that it will be developing an all-electric medium to...

EHANG shares 2018 Recap; Overview of Passenger Flights

Ghuangzhou, China based EHANG released a video of some of their most notable passengers during flight demonstrations of the EHANG 184 air taxi during 2018. Notable persons include FACC executives, VC Fund Managers, the Mayor of Ghuangzhou, and others.
The release of this video comes after the company announced on November that it will be developing an all-electric medium to long range aircraft that is capable of autonomous electric flight (the EH 580) and an all-electric cargo drone (the FlyShark 200) at the Zhuhai airshow.
Other notable achievements of one of the leading Chinese eVTOL manufacturers include the completion of demonstration flights in other test locales, not just Ghuangzhou – Amsterdam, Doha, and Mattersburg, Austria were among the other cities that hosted demonstration flights.
While the EHANG 184 Autonomous Air Vehicle (AAV) is not yet in a commercially operational state, EHANG is well versed in addressing some of the other challenges that involve low-altitude airspace and flight operations, such as navigating complex airspace in crowded, urban environments. The company has extensive experience with drone operations, and has agreements in place for drone delivery services in Ghuangzhou, China in partnership with Yonghui Group, a retailer. The company regularly performs “drone light shows” of which 78 were completed last year in 42 different cities.
Why it’s important: EHANG’s 2018 recap was not transformative, but rather contained validations of the progress of the company that many were following closely throughout 2018. Of note, however, is the very conscious effort the company is making to demonstrate that their AAV is safe, requires no special skills to operate, and is exciting to fly. The numerous public demonstration flights that are detailed in their recap video attest to the level of approval that many of the executives, press, and EHANG employees have when flying in the AAV. Keep a watch on EHANG in 2019 as they progress through the certification of the AAV with the Civil Aviation Authority of China (CAAC).
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