Autonomous aerial vehicle (AAV) company EHang is partnering with Qingdao West Coast New Area in China to create an urban air mobility (UAM) applications demonstration area.
The AAV company will also establish a Northeast Asia regional headquarters as well as a national firefighting business centre in the area.
Smart urban air mobility solutions
Qingdao West Coast New Area is one of China’s national new areas in Shandong province. It will facilitate the local governments’ applications of EHang’s full range of products while providing support to the company’s local business operations, sales and services, production and infrastructure construction.
“EHang is a global leader in the eVTOL [electric vertical take-off and landing] sector ranging from hardware to software. Its AAV products and fleet operations are fully in line with Qingdao’s development requirements for smart, eco-friendly and highly efficient UAM solutions,” said Guilong Shi, deputy director of the Administrative Committee of Qingdao West Coast New Area.
“We believe it will be a win-win cooperation with our joint efforts to advance high-end industries and aviation sectors in Qingdao and to create a beneficial UAM industrial ecosystem.”
As part of this partnership, Qingdao West Coast New Area’s investment arm will initially invest a total of $10,000,000 in the company through a private placement of newly issued Class A ordinary shares of the company.
Read more: smartcitiesworld.net