eVTOL builder EHang signs deal with Guangzhou economic zones, carmaker GAC Group

Under the agreement, EHang and GAC Group will join forces in such areas as R&D, production and sales to target the low-altitude aerial market.

EHang (亿航) (Nasdaq: EH), a leading eVTOL pioneer, announced yesterday that it had signed a strategic cooperation agreement with the Management Committee of Guangzhou Airport Economic Zone, the Administrative Committee of Guangzhou Economic and Technological Development District, and state-run automobile manufacturer GAC Group (广汽集团, 601238.SH/HK: 02238).

According to their agreement, all parties will leverage their respective strengths and resources in a concerted drive to create a robust “low-altitude industrial ecosystem.”

“As a local enterprise in Guangzhou, we are delighted to harness EHang’s leading advantages in passenger-carrying UAVs to partner with the Management Committee of Guangzhou Airport Economic Zone, the Administrative Committee of Guangzhou Economic and Technological Development District, and GAC Group to propel the high-quality development of Guangzhou’s low-altitude economy,” said Hu Huazhi, founder, chairman and CEO of EHang.

EH216-S passenger-carrying UAV takes a demo flight in the Jiulong Lake Park, Huangpu district, Guangzhou.

The signing of the agreement came as Guangzhou looks to cement its leadership in the so-called “trillion-dollar low-altitude aerial economy” and spur its development, said a press release posted on the company’s website.

Under the agreement, EHang and GAC Group will join forces in such areas as R&D, production and sales to target the low-altitude aerial market.

Unlock economic opportunities

China has set its sights on gradually freeing up its low-altitude airspace to unlock economic opportunities in such areas as urban air mobility, commercial delivery, sightseeing and tourism.

Manufacturers of drone, eVTOL and helicopter, EHang included, have been lured by the commercial prospects with a move into this sector.

GAC Group’s flying car GOVE

Under its agreement with EHang, GAC Group aims to capitalize on its manufacturing prowess and supply chain management expertise to accelerate the production, adoption and expansion of EHang’s passenger-carrying eVTOL model, namely, EH216-S.

EHang crossed a milestone last year when it obtained the world’s first type certificate for its two-seat aircraft.

For its part, EHang will draw upon strengths in building passenger-carrying UAVs to assist GAC Group with production of its futuristic flying cars model GOVE.

According to the statement from EHang, the joint effort will be dedicated to fostering the low-altitude aerial industry in Guangzhou, injecting vigor into this fast-growing sector.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Trip.com Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at nitao0927@gmail.com.

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