EHang (EH) Holdings has signed a cooperation framework agreement with Zhejiang Sunriver Culture and Tourism to explore an industrial model that integrates low-altitude economy with cultural tourism in China. Under the Agreement, Sunriver plans to purchase 50 units of EH216-S or similar pilotless passenger-carrying aircraft from EHang for its cultural tourism projects based on market development needs. Sunriver has placed a purchase order for 5 units of EH216-S as the first batch for aerial tourism use cases. The remaining aircraft will be gradually deployed in the tourism attractions under the Sunriver.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EH:
- EHang Holdings Ltd put volume heavy and directionally bearish
- EHang Holdings Boosts Growth with $22 Million Investment
- EHang’s EH216-S electric aircraft completed debut in Thailand
- EHang Holdings Ltd call volume above normal and directionally bullish
- Unusually active option classes on open October 7th