EH.US
Autonomous aerial vehicle (AAV) maker EHang Holdings announced last Friday that its self-developed passenger-carrying unmanned aerial vehicle (UAV) system has obtained the type certificate officially issued by the Civil Aviation Administration of China.

The latest: Autonomous aerial vehicle (AAV) maker EHang Holdings Ltd. (EH.US) announced last Friday that its self-developed passenger-carrying unmanned aerial vehicle (UAV) has obtained a type certificate from the Civil Aviation Administration of China (CAAC), making it the world’s first UAV vehicle to receive such certification.

Looking up: The certification by China’s civil aviation regulator suggests that EHang’s UAVs are qualified for manned commercial operations, which will help it win more orders and increase its revenue.

Take Note: The company’s costs and promotional expenses are likely to increase as the vehicle, the EH216-S, is gradually put into commercial operation.

Digging Deeper: Founded in China’s southern city of Guangzhou in 2014 and listed on Nasdaq in 2019, EHang is one of a group of global companies developing small and self-piloted aerial vehicles. The awarding of a type certificate for the EH216-S means that its design fully complies with the safety standards and airworthiness requirements of the CAAC. EH216-S is a manned vertical take-off and landing UAV capable of being unmanned and can be used for passenger transportation, air tours, logistics and medical emergencies. The company said its commercial operation will start from its original pilot cities such as Guangzhou and Shenzhen.

Market Reaction: EHang’s shares surged 18.7% on last Friday to close at $20.30 after the announcement. The stock now trades near the upper end of its 52-week range.

Translation by A. Au

Have a great investment idea but don’t know how to spread the word? We can help! Contact us for more details.

To subscribe to Bamboo Works weekly free newsletter, click here

Recent Articles

Momenta approved for U.S. listing

Momenta accelerates its drive towards U.S. listing

The company is the latest from China’s increasingly crowded autonomous driving technology sector to seek funds from an overseas IPO Key Takeaways: China’s securities regulator has approved Momenta's plan for…
Yidu's algorithims cleared by CAC

Yidu finds good medicine in regulatory nod for its AI

The provider of medical big data services said China’s cyber regulator recently approved two of its key deep synthesis algorithms Key Takeaways: Yidu Tech’s shares rose 13.6% on the day…