EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the
world’s leading urban air mobility (“UAM”) technology platform
company, announced that it is extending its operations to the
United Arab Emirates (“UAE”). This expansion involves joining the
Smart and Autonomous Vehicle Industries (“SAVI”) Cluster in Abu
Dhabi. Additionally, a long-term strategic partnership has been
formed with Wings Logistics Hub, the passenger eVTOLs (smart
mobility) and logistics tech subsidiary of Technology Holding
Company (“THC”), being the technology arm of EIH Ethmar
International Holding. The aim of this partnership is to
collaboratively advance the development of urban air transportation
and smart city management in the UAE and the Middle East and North
Africa (“MENA”) region.
The SAVI Cluster, situated in Masdar City and
led by the Abu Dhabi Department of Economic Development (“ADDED”)
and the Abu Dhabi Investment Office (“ADIO”), is dedicated to
establishing Abu Dhabi as a key hub for smart and autonomous
vehicles. SAVI provides state-of-the-art facilities and value-added
services within a supportive regulatory framework. This initiative
encourages innovation and aids in the commercial application of
smart and autonomous vehicle technologies.
EHang, with its cutting-edge autonomous eVTOLs
and the world’s first eVTOL type certificate from the Civil
Aviation Administration of China (“CAAC”), has formed a strategic
partnership with Wings Logistics Hub. The goal of this partnership
is to introduce EHang’s autonomous eVTOLs to the UAE.
As part of the strategic partnership, Wings
Logistics Hub and EHang will work together to facilitate local
certification and operations of the EH216 series eVTOLs in the UAE.
This includes the EH216-S, EH216-L, and EH216-F models, which are
designed for passenger transportation, aerial logistics, and
firefighting respectively.
Wings Logistics Hub intends to buy up to 100
units of the EH216 series eVTOLs from EHang with initial deliveries
set to commence in the first quarter of 2024.
Mr. Mohamed Al Dhaheri, board member of Wings
Logistics Hub, expressed enthusiasm about collaborating with EHang
to establish their inaugural international operations in Abu Dhabi.
“Introducing electric aviation to the UAE is anticipated to
alleviate congestion with zero emissions and, consequently, attract
significant foreign direct investment and generate thousands of
jobs in the region over the next decade. We take pride in our
participation in the SAVI Cluster and remain steadfast in our
commitment to advancing smart and autonomous vehicle technologies
for passenger transportation, mobility, logistics, and smart city
management in the UAE,” said by Mr. Mohamed Al Dhaheri.
Mr. Huazhi Hu, Founder, CEO and Chairman of
EHang, stated, “We’re excited to share our involvement in the SAVI
Cluster and our strategic alliance with Wings Logistics Hub and EIH
as we broaden our reach in the UAE market. As the first company
globally to receive a type certificate for an autonomous eVTOL from
China’s national civil aviation authority, we’re eager to bring our
leading-edge technologies to the UAE. Our aim is to work with our
local partner to enhance safe, intelligent, autonomous, and
eco-friendly air mobility in this region.”
About Wings Logistics Hub
Wings Logistics Hub is a dynamic and
forward-thinking company specializing in Smart mobility, logistics
tech, and omnichannel solutions. It operates under the ownership of
Technology Holding Company (“THC”), being the technology arm of
Ethmar International Holding (“EIH”). Wings Logistics Hub will
cater the passenger eVTOLs and logistic tech functions within EIH
Ethmar International Holding. Our dedication centers on seamlessly
incorporating cutting-edge technologies, specializing in smart and
autonomous vehicle technologies as well as extended infrastructure
including Vports across the realms of passenger transportation,
smart logistic and smart city management. We lead the charge in
transforming the mobility, logistics and omnichannel ecosystem
through innovation, smart solutions, and autonomous technologies.
Our mission is to pioneer sustainable and intelligent mobility and
logistics that propel the UAE into a future where efficiency,
connectivity, and environmental consciousness converge seamlessly.
As an omnichannel solutions provider, we strive to create a
harmonized ecosystem that enhances customer satisfaction, fosters
brand loyalty, and maximizes operational efficiency. For more
information, please visit: https://wingslogistics.world/.
About Ethmar International
Holding
EIH Ethmar International Holding PJSC is a
leading holding company based in Abu Dhabi, United Arab Emirates.
With a proven track record, EIH has established and acquired over
fifty-eight successful companies in nine diversified major sectors,
including energy, real estate, alternative investment, technology,
healthcare, travel & tourism, hospitality, automotive &
trading, and financial services. EIH is committed to ensuring the
ongoing success of its investors by fostering sustainable growth,
creating mid- and long- term investment opportunities, and ensuring
dividend distribution. EIH supports the vision of leadership by
encouraging innovation and empowering growth through a diversified
investment portfolio. The organization is committed to giving its
investors sustainable returns while also advancing the region's
economy and prosperity. EIH continues to advance and provide value
in the landscape of international business with a forward-thinking
strategy and a focus on quality. For more information, please
visit: www.eihuae.com.
About EHang
EHang (Nasdaq: EH) is the world’s leading urban
air mobility (“UAM”) technology platform company. Our mission is to
enable safe, autonomous, and eco-friendly air mobility accessible
to everyone. EHang provides customers in various industries with
unmanned aerial vehicle (“UAV”) systems and solutions: air mobility
(including passenger transportation and logistics), smart city
management, and aerial media solutions. EHang has obtained the
world’s first type certificate for unmanned eVTOL from the Civil
Aviation Administration of China in 2023. As the forerunner of
cutting-edge UAV technologies and commercial solutions in the
global UAM industry, EHang continues to explore the boundaries of
the sky to make flying technologies benefit our life in smart
cities. For more information, please visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Statements that are not historical facts,
including statements about management’s beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to those
relating to certifications, our expectations regarding demand for,
and market acceptance of, our products and solutions and the
commercialization of UAM services, our relationships with strategic
partners, and current litigation and potential litigation involving
us. Management has based these forward-looking statements on its
current expectations, assumptions, estimates and projections. While
they believe these expectations, assumptions, estimates and
projections are reasonable, such forward-looking statements are
only predictions and involve known and unknown risks and
uncertainties, many of which are beyond management’s control. These
statements involve risks and uncertainties that may cause EHang’s
actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or
implied by these forward-looking statements.
Media
Contact: pr@ehang.com
Investor
Contact: ir@ehang.com
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