EHang Shares Jump After Its Unmanned Aircraft Cloud System Gets CAAC Approval

EHang Holdings Limited EH said its EHang Unmanned Aircraft Cloud System (UACS) has been officially approved by the Civil Aviation Administration of China (CAAC) for UACS trial operations.

With the approval, EHang, as a manufacturer and operator of passenger-carrying unmanned vehicle systems, further solidifies a vital foundation for commercial operations post the certification of EH216-S. 

Also, the approval of the UACS trial operations serves as a safeguard for large-scale operational safety and management.

EHang UACS features functions of management of airspace, UAVs, flight plans and operators, enabling cluster management of multiple aircrafts within the same airspace, and ensuring safer and more reliable operations.

In the commercial operations of EH216-S after obtaining its type certificate, EHang's UACS will also become a crucial component.

In July 2023, EHang formed a strategic partnership with the Bao'an District Government of Shenzhen City to jointly formulate Urban Air Mobility (UAM) use cases and systems and develop routes for low-altitude demonstration.

"From unmanned aerial vehicle system to the UACS, as well as operating teams and service platforms, EHang has made comprehensive and sufficient preparation for the upcoming commercial operations after years of planning," said Founder, Chairman and CEO Huazhi Hu.

Price Action: EH shares are trading higher by 9.2% at $18.09 on the last check Monday.