EHang 216 AAV Made Its Debut in Seoul After Obtaining a Special Certificate of Airworthiness from Korea

Rhea-AI Summary

EHang Holdings Limited (Nasdaq: EH) has successfully completed the maiden flight of its EHang 216 two-seater autonomous aerial vehicle in Seoul, Korea, on November 11, 2020, during the 'Open the Urban Sky' UAM Demo event. This flight marks Korea's first autonomous air taxi operation over a densely populated area and follows the issuance of a Special Certificate of Airworthiness (SAC), marking a regulatory breakthrough. The EHang 216, purchased by the Seoul Metropolitan Government, aims to alleviate traffic congestion and enhance urban air mobility services across various applications in Korea.

Positive

• Successful maiden flight of EHang 216 in Seoul, Korea.
• First autonomous air taxi operation in a densely populated area in Korea.
• Obtained a Special Certificate of Airworthiness (SAC) for the EHang 216, a first for passenger-grade AAVs.
• Plans for multiple trial flights in various Korean cities for urban air mobility applications.

Negative

• None.

SEOUL, Korea, Nov. 12, 2020 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang”), the world's leading autonomous aerial vehicle (“AAV”) technology platform company, announced its EHang 216 two-seater passenger-grade AAV had completed its maiden flight in Korea. The flight took place on November 11 at the “Open the Urban Sky” UAM Seoul Demo event in the center of Seoul. A series of trail flights of EHang 216 will then follow in several Korean cities. It is Korea's first time to launch a flight of an autonomous "air taxi" over a densely populated downtown area.

The maiden flight was approved by Korea's MOLIT after obtaining a Special Certificate of Airworthiness (“SAC”) for the EHang 216 AAV, a first SAC ever issued to a passenger-grade AAV.

The EHang 216 was purchased by the Seoul Metropolitan Government and is the first of its kind in Korea being officially registered under the Nationality and Registration Mark “HL008X” by MOLIT.

The Acting Mayor of Seoul, Seo Jeong-hyup said, “The air taxi is a dream of mankind for the future transportation. We are excited that Seoul can host the country's first domestic demo flight. Seoul is pioneering itself as an innovative hub of the world. Urban air mobility services are drawing keen attentions as an option to alleviate ground traffic congestions with a huge potential for growth. The city government will strive to realize the human dream of safe flights for Seoul citizens and thus support the future industry of Korea.”

The Korea government announced the “Korean Urban Air Mobility (K-UAM) Roadmap” in June 2020 and expected to commercialize UAM services around 2023 to 2025.

On top of the maiden flight in Seoul, EHang plans to launch a series of trial flights in more locations across Korea for a variety of UAM uses, such as urban passenger transportation, aerial sightseeing, island hopping and aerial logistics.

EHang Founder, Chairman and CEO, Huazhi Hu said, “We are glad to see the Korean government taking the initiative in planning and implementing urban air mobility in Asia. This pioneering Special Certificate of Airworthiness marks a leap for both parties and builds on our regulatory breakthroughs in China, Europe, and America. We are excited to be the world’s first company to provide safe, comfortable, efficient and eco-friendly urban mobility solutions to Korea. We expect to accelerate UAM development and to expand in the Korea market in the near future.”

To watch the video of EHang 216’s maiden flight in Korea, please visit: https://youtu.be/QJaLezG1BL4

About EHang
EHang (Nasdaq: EH) is the world's leading autonomous aerial vehicle (AAV) technology platform company. Our 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: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility (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. 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  
In the U.S.: Julia@blueshirtgroup.com
In China: Susie@blueshirtgroup.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/54ced52e-b930-48b6-9d1f-9ce57bbc4ae4

https://www.globenewswire.com/NewsRoom/AttachmentNg/705804dc-bc83-4fcd-b5fd-f188cf5cafd0

https://www.globenewswire.com/NewsRoom/AttachmentNg/458c5847-2fe8-4df2-a0dc-d3fb0c1b8a58

https://www.globenewswire.com/NewsRoom/AttachmentNg/47ce17e0-bcbc-4d51-90cf-94eb716b40ab

FAQ

What is EHang's recent achievement in Korea?

EHang successfully completed the maiden flight of its EHang 216 autonomous aerial vehicle in Seoul on November 11, 2020.

What is the significance of EHang 216's flight in Seoul?

It is the first autonomous air taxi flight over a densely populated area in Korea and marks a regulatory milestone with the issuance of a Special Certificate of Airworthiness.

What does the Korean government plan for urban air mobility?

The Korean government has announced the Korean Urban Air Mobility (K-UAM) Roadmap, aiming to commercialize UAM services between 2023 and 2025.

How will EHang expand its operations in Korea?

EHang plans to conduct a series of trial flights in various locations in Korea for applications such as passenger transportation, sightseeing, and logistics.

What are EHang's future prospects in the Korean market?

EHang expects to accelerate urban air mobility development and expand its presence in the Korean market following successful regulatory approvals.