- EHang Holdings Limited EH formed a strategic alliance with Charoen Pokphand Group Co., Ltd. to establish a joint venture in Thailand for AAV sales and urban air mobility operations. The financial terms of the arrangement were not disclosed.
- The parties intend to fully leverage their respective expertise and resources in a long-term comprehensive collaboration on AAV product sales and marketing, regulatory compliance, business development, infrastructure deployment, talent cultivation for future UAM operations.
- The strategic collaboration is expected to unleash UAM solutions' value-creating potential across multiple industries.
- The collaboration opens up cross-sector cooperation opportunities and lays the foundation for potential use cases for EHang AAVs in various scenarios.
- Price Action: EH shares are trading higher by 4.71% at $8.23 on the last check Friday.
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