RSS EHang Holdings Collaborates With China Communications Information & Technology Group

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 RSS EHang Holdings Collaborates With China Communications Information & Technology Group

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EHang Holdings Ltd. (EH) revealed a collaboration with China Communications Information & Technology Group Co., Ltd. on Friday to advance the infrastructure for digital unmanned aerial vehicles and transportation hubs, while also aiming to enhance the low-altitude economy. This partnership will focus on assisting local Chinese governments in planning and constructing essential flight data centers, dedicated communication networks, and integrated platforms for aircraft take-off and landing.

The collaboration's ambitious plan includes the development of 100 comprehensive air traffic terminals for both intra-city and inter-city use, along with 100 low-altitude tourism terminals within National 5A Scenic Areas. This initiative is set to commence in 2025 and span the following three years.

As of the latest trading session, EHang's stock stands at $16.06, reflecting a 1.14 percent decline on the Nasdaq.

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