Chinese air taxi maker EHang completes maiden flight in Abu Dhabi as it eyes expansion in the Middle East
The firm made a foray into the region late last year through a strategic partnership with Wings Logistics Hub, a logistics technology unit under Ethmar International Holding (EIH), an Abu Dhabi-based investment vehicle with ties to the UAE’s ruling family.
Under the collaboration, EHang will deliver up to 100 of its EH216 series eVTOL vehicles, including the EH216-S, EH216-L, and EH216-F, designed for passenger transport, aerial logistics, and firefighting in high-rise buildings.
Last month, EHang also struck an agreement with the Abu Dhabi Investment Office and Multi Level Group, a financial technology subsidiary of EIH, as the Chinese company looks to set up a regional headquarters in the UAE capital to expand its businesses ranging from manufacturing and flight operations to research and development.
Shares of Nasdaq-listed EHang were up more than 1 per cent in pre-market trading on Tuesday, after closing more than 7.5 per cent higher on Monday.