EHang and Shenzhen Expressway to Jointly Develop Smart City Transportation Network

Rhea-AI Summary

EHang Holdings Limited (Nasdaq: EH) has partnered with Shenzhen Expressway Operation and Development Company to enhance urban air mobility and integrate expressway networks. The collaboration focuses on deploying UAV command-and-control systems for applications such as road inspections and emergency rescues. This initiative is part of EHang's 100 Air Mobility Routes Initiative, aiming to innovate smart city transportation solutions. Both parties have established an AAV command-and-control platform, laying a technological foundation for future advancements in the urban air mobility sector.

Positive

• Strategic partnership with Shenzhen Expressway enhances urban air mobility efforts.
• Deployment of UAV command-and-control systems for diverse applications such as road inspections and emergency rescues.
• Establishment of the first AAV command-and-control platform, demonstrating technological progress.

Negative

• None.

• A new strategic partnership of EHang 100 Air Mobility Routes Initiative
• Innovative integration of urban air mobility and expressway networks

GUANGZHOU, China, Oct. 22, 2021 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world's leading autonomous aerial vehicle (“AAV”) technology platform company, announced that it has reached a strategic partnership with Shenzhen Expressway Operation and Development Company Limited, one of subsidiaries of Shenzhen Expressway Company Limited (“Shenzhen Expressway”). Based on the deployment of the Shenzhen Expressway UAV command-and-control systems, the two parties will further broaden use cases of EHang AAVs for roads inspection, emergency rescue, materials transportation among others. In addition, as an important partner of EHang 100 Air Mobility Routes Initiative, Shenzhen Expressway will join efforts with EHang to explore the innovative integration of AAV air mobility and expressway networks in smart city transportation.

EHang and Shenzhen Expressway Operation and Development Company have built the first AAV command-and-control platform, equipped with various types of AAVs and intelligent sensor devices for expressway networks management, emergency rescue and safe operations.

Shenzhen Expressway Operation and Development Company Limited stated, "We have been working with EHang to explore the AAV applications for two years, which laid a solid technological foundation. Today I am very pleased to demonstrate the industry-leading smart transportation project."

Edward Xu, Chief Strategy Officer of EHang, said, “Our in-depth partnership with Shenzhen Expressway is another major strategic deployment to deepen the urban air mobility industry in the Guangdong-Hong Kong-Macao Greater Bay Area. It is also another milestone for EHang 100 Air Mobility Routes Initiative. We hope to work with Shenzhen Expressway to upgrade the transportation in Shenzhen for intelligent urban mobility networks.”

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.

About Shenzhen Expressway
Shenzhen Expressway Company Limited is principally engaged in the investment, construction, operation and management of toll highways and roads. The Company aims at enhancing the ability of wealth creation by improving the quality of operation, obtaining reasonable returns through providing high-quality service to the society, and achieving satisfaction of customers, employees, shareholders and related parties by balancing their interests, so as to foster the Company’s sustainable development. Currently, the Company will maintain its market orientation, focus on the expressway industry, actively explore and engage in new investments in the industry for a synergistic growth in both its scale and efficiency.

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/f4d4bc53-0ea2-4fae-b0c7-d85414bc77d2
https://www.globenewswire.com/NewsRoom/AttachmentNg/6ebf9847-62c8-4265-bb8b-de3ff6cbfe9c
https://www.globenewswire.com/NewsRoom/AttachmentNg/a4b3891a-c79b-4f75-8d62-9fd8d8ea6e23
https://www.globenewswire.com/NewsRoom/AttachmentNg/97b8e60f-5053-4a1a-bfb0-ed7fa9472aad
https://www.globenewswire.com/NewsRoom/AttachmentNg/dc68bcfb-8ff6-4162-8c6b-92800f7e755c

FAQ

What is EHang's recent partnership about?

EHang has partnered with Shenzhen Expressway to enhance urban air mobility and integrate expressway networks for applications like road inspections and emergency rescues.

How does EHang aim to improve smart city transportation?

Through the partnership with Shenzhen Expressway, EHang plans to innovate smart city transportation by deploying UAV command-and-control systems.

What is the EHang 100 Air Mobility Routes Initiative?

The EHang 100 Air Mobility Routes Initiative is a program aimed at developing air mobility solutions in urban settings, now supported by the partnership with Shenzhen Expressway.

What technologies are being used in the EHang and Shenzhen Expressway partnership?

The partnership utilizes various AAVs and intelligent sensor devices in the newly established UAV command-and-control platform.

What applications will the partnership between EHang and Shenzhen Expressway cover?

The partnership focuses on road inspections, emergency rescue, and materials transportation through the use of autonomous aerial vehicles.