EHang Holdings Limited (EH) shares were rising 11.19% to trade at $15.90 in pre-market at the last check. EHang (EH) stock lost -2.26% to close Tuesday’s session at $14.30. The stock volume remained 0.54 million shares, which was lower than the average daily volume of 0.68 million shares within the past 50 days. EH shares have fallen by -71.50% over the last 12 months, and they have moved down by -7.80% in the past week.
Over the past three months, EHang (EH) stock has lost -37.72%, while over the past six months, it has shed -40.14%. Further, the company has a current market of $842.27 million and its outstanding shares stood at 55.62 million. EH stock is rising following the adoption of the special conditions by a regulatory authority.
Which EHang condition the authority has taken on?
EHang (EH) is the world’s driving independent ethereal vehicle (AAV) innovation stage organization. EH’s central goal is to make protected, independent, and eco-accommodating air versatility available to everybody. EHang furnishes clients in different enterprises with AAV items and business arrangements: air versatility (counting traveler transportation and planned operations), savvy city executives, and elevated media arrangements.
As the trailblazer of state of the art AAV innovations and business arrangements in the worldwide Urban Air Mobility (UAM) industry, EH keeps on investigating the limits of the sky to make flying advances benefit our life in brilliant urban communities.
EHang (EH) today reported that the Civil Aviation Administration of China (“CAAC”) has officially taken on the Special Conditions for EH216-S1 AAV Type Certification (the “Extraordinary Conditions”), which was successful on February ninth, 2022, and distributed on the CAAC site on February 22th, 2022.
- Last month, EHang (EH) has gotten a pre-request for 50 units of the EH216 AAV from a main Japanese air versatility computerized stage organization.
- The request from AirX Inc. (“AirX”) denoted the greatest pre-request EHang has gotten in Japan.
- This mirrors the developing acknowledgment of EH’s state-of-the-art independent airplanes in the business.
- The pre-request of the EH216 AAVs are intended to work with different Urban Air Mobility (“UAM”) projects in Japan and may give “air taxi” administrations for the 2025 World Expo in Osaka, Kansai, Japan.
How might the CAAC Special authorization affect EH?
The Special Conditions give EHang (EH) reason for consistence and wellbeing of EH216-S AAVs, including flight execution, designs, plan and developments, impetus frameworks, frameworks and hardware, information connection, and ground control station. EH hopes to send the EH216-S automated airplane framework to low-height travelers conveying business activities in the Urban Air Mobility area.
