Benzinga | Sep 15, 2021 01:12PM EDT

EHang, HELI-EASTERN Partner For Urban Air Mobility Operations

* EHang Holdings Ltd (NASDAQ:EH) has formed a strategic partnership with Shenzhen East General Aviation (HELI-EASTERN). This partnership will explore and further implement urban air mobility (UAM) operations in Shenzhen, China's designated integrated airspace for helicopters and autonomous aerial vehicles (AAVs).

* HELI-EASTERN is a low-altitude general aviation carrier and helicopter service provider in China's Guangdong-Hong Kong-Macao Greater Bay Area.

* The parties plan to establish a pilot project for the urban integrated airspace of helicopters and AAVs and build a low-altitude UAM operation management system.

* Price Action: EH shares are trading lower by 0.73% at $24.32 on the last check Wednesday.