EHang partners with Jingyue Hi-tech Zone to develop a low-altitude economic demonstration zone and deploy eVTOL aircraft in Changchun.
Quiver AI Summary
EHang Holdings Limited has entered a strategic partnership with the Management Committee of Jingyue High-tech Industrial Development Zone in Changchun, China, to collaboratively create a provincial demonstration zone focused on low-altitude economic development. This initiative includes the order of 41 EH216-S pilotless eVTOLs for various applications such as sightseeing and urban traffic management, supporting Changchun's plan to become a leader in this sector. The collaboration aligns with the "Changchun Action Plan for Promoting High-Quality Development of the Low-Altitude Economy" and aims to grow the local low-altitude economy significantly by 2026. EHang will also engage in R&D for eVTOL technologies adapted to cold climates and develop a comprehensive digital infrastructure to ensure efficient airspace management. With strong government support and rich local resources, the partnership seeks to drive innovation and commercial deployment of aerial solutions, enhancing urban mobility and tourism in the region.
Potential Positives
- EHang has entered into a strategic cooperation agreement with the Management Committee of Jingyue High-tech Industrial Development Zone, highlighting the company's focus on collaborative growth in the low-altitude economy sector.
- The agreement includes an order for 41 units of the EH216-S pilotless eVTOLs, demonstrating demand for EHang's technology in various urban applications, including tourism and emergency response.
- The partnership aims to establish a provincial-level demonstration zone for low-altitude economic development, which may enhance EHang's visibility and position as a leader in Urban Air Mobility (UAM) solutions.
- Jingyue Hi-tech Zone's commitment to support EHang's R&D and testing activities with favorable policies and funding can accelerate innovation and commercial deployment of eVTOL technology in the region.
Potential Negatives
- Limited details on the actual timeline and success metrics for the projected commercial deployment of the eVTOLs, which may raise concerns about the feasibility of the goals set out in the agreement.
- The reliance on government support and favorable policies for the success of the venture could imply vulnerabilities if political or economic conditions change.
- Forward-looking statements about market adoption and operational success carry inherent risks, which could negatively impact investor confidence if the anticipated outcomes are not met.
FAQ
What is EHang's new agreement about?
EHang has entered a strategic cooperation agreement with the Jingyue Hi-tech Zone to develop a low-altitude economic demonstration zone in Changchun.
How many eVTOL units will be ordered?
The agreement includes an order for 41 units of EHang's EH216-S pilotless eVTOLs for various applications.
What are the goals of the Changchun Action Plan?
The plan aims to ensure safe flight operations, expand use case scenarios, and drive industrial growth in the low-altitude economy.
What support will EHang receive in Jilin Province?
EHang will receive comprehensive support including favorable policies, funding, and talent incentives for its eVTOL R&D and testing efforts.
What is the significance of the EH216-S eVTOL?
The EH216-S has obtained important certifications and is positioned to advance commercial operations and applications for urban air mobility.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EH Hedge Fund Activity
We have seen 48 institutional investors add shares of $EH stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CARMIGNAC GESTION removed 895,671 shares (-73.0%) from their portfolio in Q4 2024, for an estimated $14,102,339
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 761,132 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,900,047
- KADENSA CAPITAL LTD added 648,412 shares (+585.4%) to their portfolio in Q1 2025, for an estimated $13,545,326
- MORGAN STANLEY added 632,206 shares (+286.8%) to their portfolio in Q1 2025, for an estimated $13,206,783
- CUBIST SYSTEMATIC STRATEGIES, LLC added 573,248 shares (+517.1%) to their portfolio in Q1 2025, for an estimated $11,975,150
- VOLORIDGE INVESTMENT MANAGEMENT, LLC added 557,539 shares (+inf%) to their portfolio in Q1 2025, for an estimated $11,646,989
- CANADA PENSION PLAN INVESTMENT BOARD added 390,700 shares (+inf%) to their portfolio in Q1 2025, for an estimated $8,161,723
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$EH Analyst Ratings
Wall Street analysts have issued reports on $EH in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 05/05/2025
- Deutsche Bank issued a "Buy" rating on 04/14/2025
- Daiwa issued a "Buy" rating on 04/01/2025
- CICC issued a "Outperform" rating on 01/02/2025
To track analyst ratings and price targets for $EH, check out Quiver Quantitative's $EH forecast page.
Full Release
GUANGZHOU, China, June 20, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading Urban Air Mobility (UAM) technology platform company, announced today that the Company has entered into a strategic cooperation agreement with the Management Committee of Jingyue High-tech Industrial Development Zone (“Jingyue Hi-tech Zone”) in Changchun, Jilin Province. The two parties will jointly develop a provincial-level demonstration zone for low-altitude economic development, integrating industrial development, technological innovation, and real-world application scenarios. The platform company, Jilin Aerospace Industry Development Investment Co., Ltd., agrees to place an order for 41 units of EHang’s EH216-S pilotless eVTOLs, according to the Cooperation Agreement. These units will be deployed for low-altitude sightseeing, urban emergency response, and city traffic management operations, supporting Changchun’s vision to become a regional leader in low-altitude economic development and to accelerate growth across Jilin Province.
EHang inked a strategic cooperation agreement with Jingyue High-Tech Zone
Changchun is one of the pioneering cities designated for low-altitude airspace management reform in China and has actively promoted this sector in recent years. The “ Changchun Action Plan for Promoting High-Quality Development of the Low-Altitude Economy (2024-2026)” sets three strategic goals: ensuring safe flight operations, expanding use case scenarios, and driving industrial growth. The plan aims to create multiple application cases by 2025 and grow the city’s low-altitude economy to RMB3 billion by 2026.
Jingyue Hi-tech Zone serves as the core hub in Changchun’s spatial framework for developing the low-altitude economy. Recognized as both a National Independent Innovation Demonstration Zone and the city’s ecological and cultural center, Jingyue features rich tourism resources – including Jingyuetan National Forest Park and Changying Century City, two nationally rated 5A scenic attractions in Jilin Province. These unique advantages make the zone an ideal location for pioneering integrated “low-altitude + tourism” application scenarios.
Leveraging Jingyue Hi-tech Zone’s advantageous location and rich cultural and tourism resources, EHang and Jingyue Hi-tech Zone will jointly accelerate the commercial deployment of pilotless eVTOLs in Jilin Province.,develop an eVTOL urban air mobility demonstration zone and pioneer a low-altitude-driven model of urban development, contributing to Changchun’s transformation into a modern metropolis powered by low-altitude innovation.
Jingyue High-Tech Zone, currently the pilot region in China selected under the national "Regulatory Sandbox for Low-Altitude Economy" initiative jointly launched by the Ministry of Industry and Information Technology (MIIT) and the Ministry of Science and Technology (MOST), has established a comprehensive aerial digital infrastructure spanning Northeast China (the three provinces and one autonomous region). This system integrates airspace management, low-altitude digital coding, satellite communications, and computing power core nodes, providing localized data support for EHang’s collaboration with Jingyue to build a provincial-scale low-altitude command and dispatch platform. This initiative will enable efficient management and safe operations of low-altitude aircraft, laying a robust data management foundation for future large-scale, routine urban air mobility (UAM) operations.
Jingyue High-Tech Zone is also developing an "Integrated Aerospace Triad" industrial ecosystem, comprising: a low-altitude smart connectivity test site for extreme cold climates, an aerospace big data industrial park, and an aerospace equipment smart manufacturing hub. EHang will contribute to the planning, design, and construction of the Low-altitude Intelligent Connected Cold-region Testing Site (Jilin Drone Inspection and Testing Center) in Jingyue Hi-tech Zone. Together with local partners, EHang will conduct cold-weather testing and collaborate on the development of airworthiness standards specifically for eVTOL aircraft in cold climates. Jingyue Hi-tech Zone will provide comprehensive support for EHang’s eVTOL R&D and testing activities in Jilin Province including favorable policies, funding, and talent incentives. In turn, EHang will assist in cultivating talent in the low-altitude economy sector, supporting the local industrial development and Jingyue’s distinctive low-altitude economy model, fostering a high-quality ecosystem for Changchun’s low-altitude economy.
Additionally, EHang plans to partner with Jingyue Hi-tech Zone to advance R&D and production of composite materials for low-altitude aircraft and eVTOL components. By leveraging the zone’s advanced manufacturing capabilities and collaborating with local industry leaders, EHang aims to produce lightweight, safety-compliant parts tailored to the practical demands of aircrafts.
Hongliang Zhou, Secretary of Jingyue Hi-tech Zone, stated: “Through our in-depth collaboration with EHang and by leveraging its industry-leading technologies, Jingyue Hi-Tech Zone aims to establish a benchmark for low-altitude economic development and drive high-quality regional growth. We are fully committed to supporting EHang’s innovations and real-world applications in the low-altitude sector. Leveraging government resources, we will actively facilitate the deployment of the EH216-S pilotless eVTOLs across eight 5A-rated scenic destinations in Jilin Province for aerial sightseeing. This initiative will accelerate the commercialization of low-altitude applications—from passenger tourism to air mobility—bring citizens and visitors a new and transformative flying experience.”
Wang Zhao, Chief Operating Officer of EHang, stated: “With two EH216-S operators securing China’s first batch of Operating Certificates (OC), EHang’s human-carrying eVTOL has officially entered commercial operations. Our collaboration with Jingyue Hi-tech Zone will help advance the integrated development of both the practical application and commercial deployment of eVTOL in cold-climate regions establishing a benchmark for low-altitude economy applications in extreme cold regions. Leveraging Jingyue’s advantages—including its natural environment, policy incentives, diverse commercial use scenarios, and robust digital infrastructure, we will carry out ongoing testing to further optimize the aircraft’s performance, enhance its adaptability and safety in cold environments, and pioneer a smart low-altitude traffic management ecosystem. Our goal is to promote widespread adoption of eVTOL technology, bringing safe, efficient, intelligent, and environmentally friendly low-altitude economic solutions to more regions worldwide.”
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s EH216-S has obtained the world’s first type certificate (“TC”), production certificate (“PC”) and standard airworthiness certificate (“AC”) for pilotless human-carrying electric vertical takeoff and landing (“eVTOL”) aircraft by the Civil Aviation Administration of China (“CAAC”). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates (“OC”) for civil human-carrying pilotless aerial vehicles by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global 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. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. 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.
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