EHang Provides Updates on Major Production Facility and Announces Onsite Investors Day

Rhea-AI Summary

EHang Holdings Limited (Nasdaq: EH) has announced the nearing completion of its new autonomous aerial vehicle (AAV) production facility in Yunfu, China. The facility, spanning 24,000 square meters, will include assembly lines, a CNC processing center, and a flight test vertiport. Production of the flagship EH216 AAVs is set to commence in Q2 2021, with an initial output capacity of 600 units annually. This facility is expected to be the first of its kind in commercial AAV production on such a scale, enhancing EHang's position in the global market.

Positive

• New production facility in Yunfu expected to boost AAV output.
• Initial capacity planned for 600 units annually, with potential for expansion.
• Facility will house advanced technologies including CNC processing and flight testing.

Negative

• None.

GUANGZHOU, China, Feb. 18, 2021 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world's leading autonomous aerial vehicle (“AAV”) technology platform company, provides an update on the development of its new AAV production facility in Yunfu city, China. The retrofitting process of the existing building is being completed and production of EHang AAVs is expected to start in the second quarter of 2021.

The Yunfu facility has a total planned gross floor area of 24,000 square meters. It will be the home to EHang’s newest aerial vehicle assembly lines, a Computer Numerical Control (CNC) processing center, a painting workshop and a carbon fiber composite materials processing area. In addition, the Yunfu facility will include a research and training center and an outdoor flight test vertiport.

Upon completion, the Yunfu facility will play a major role in producing EHang’s flagship products, the EH216 series of passenger-grade AAVs, with a planned initial annual capacity of 600 units which can be further increased to support the growing global market needs. EHang expects that it will be the first AAV commercial production facility of this scale.

EHang plans to host an Investor Day event for a facility tour at the new Yunfu Facility in late June 2021. Further details will be announced at a later day. For reservation, please pay attention to related event information on EHang IR website.

The existing production facility at the headquarter of EHang in Guangzhou spans a total area of 8,750 square meters and houses production processes for our AAV products. After the Yunfu facility is up and running, the major role of the facility in Guangzhou will be gradually migrated to focus on supporting the Company’s expanding new products R&D efforts.

Watch the video of the EHang Yunfu facility: https://youtu.be/u6PRSFT4B2o

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/ed293d85-35e1-4030-8079-b80f189d5ef1

https://www.globenewswire.com/NewsRoom/AttachmentNg/606fcb55-0a6c-4fc8-aa28-8292450d2b8c

https://www.globenewswire.com/NewsRoom/AttachmentNg/96c768c4-35d7-4fd8-9b01-cb4188e777f4

https://www.globenewswire.com/NewsRoom/AttachmentNg/e8a0c419-c768-4f05-9f68-011d6e53bf8c

https://www.globenewswire.com/NewsRoom/AttachmentNg/cf1833f6-3274-4e09-8245-97a2c2438e6b

https://www.globenewswire.com/NewsRoom/AttachmentNg/797b415e-0682-445c-a6dc-b57b4d07086d

https://www.globenewswire.com/NewsRoom/AttachmentNg/836133a8-1380-40bb-b856-2052b96a90cb

FAQ

When will EHang's new AAV production facility begin operations?

Production at EHang's new facility in Yunfu is expected to start in the second quarter of 2021.

What is the initial production capacity of EHang's Yunfu facility?

The Yunfu facility has an initial planned capacity of 600 AAV units per year.

What will be produced at the new EHang facility?

The facility will primarily produce EHang's EH216 series of passenger-grade autonomous aerial vehicles.

Where is EHang's new production facility located?

The new EHang AAV production facility is located in Yunfu city, China.