8th January 2024, Kathmandu
EHang Holdings Limited (Nasdaq: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, announced a strategic cooperation agreement with Chongqing Changan Automobile Co., Ltd., (Changan Automobile), government-owned and 2nd largest Chinese Automaker.
EHang & Changan Automobile
The pact was signed in the presence of the Chongqing Municipal Government and industry representatives.
The collaboration focuses on research and development, manufacturing, sales, and operation of flying car products, including electric vertical takeoff and landing (eVTOL) aircraft and innovative flying cars.
By utilizing EHang’s expertise in aerial vehicles and low-altitude flight management and Changan Automobile’s robust production and market resources, the parties aim to establish a joint venture for future mobility ecosystem technologies. This cross-industry partnership will expand the EHang’seVTOL product line, targeting a broad consumer base.
Changan Automobile, the second largest automaker in China, boasts exceptional capabilities in R&D, manufacturing, supply chain, sales channels, and market influence. EHang, a UAM pioneer, leads the way in eVTOL aircraft design, production, certification, and operation.
This collaboration will see the development of flying cars with cutting-edge technologies, future-oriented design, and market competitiveness. The agreement encompasses R&D, production, market promotion, user experience, after-sales service, and integrating low-altitude economy applications to expedite the commercialization of flying cars and EHang’seVTOL products.
About Changan
Changan Automobile, 2nd largest Chinese automobile manufacturer, has a legacy of over 160 years and is the oldest carmaker. With 10 global production bases and 35 R&D centers worldwide, Changan has produced over 22 million vehicles, including 4 million NEVs (New Energy Vehicles). Renowned for its cutting-edge technology, safety innovations, and premium designs, Changan is dedicated to driving the future of sustainable mobility with smart, high-performance vehicles.
For more: EHang & Changan Automobile
