RTTNews | Jan 20, 2022 10:41AM EST

10:41 Thursday, January 20, 2022 (RTTNews.com) - Shares of autonomous aerial vehicle technology (AAV) platform EHang Holdings Limited (EH) are rising more than 10% Thursday morning on the news of it receiving pre-order for 50 units of its dual-seat EH216 AAV from AirX Inc. in Japan.

The pre-order of the EH216 AAVs are planned to facilitate various Urban Air Mobility projects in Japan and may provide "air taxi" services for the 2025 World Expo in Osaka, Kansai, Japan, EHang said.

"Our partnership with AirX marks a key milestone for us to further explore and develop the UAM market in Japan. We are very delighted to see an increasing number of air transportation partners are introducing EHang's safe, autonomous and sustainable urban air mobility solutions to the general public," commented Huazhi Hu, Founder, Chairman and CEO of EHang.

EH is at $17.79 currently. It hs trade in the range of $13.90- $129.80 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3256301/ehang-holdings-climbs-on-getting-pre-order-for-eh216-aav-from-airx.aspx)

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