Chinese language aviation taxi maker EHang has not too long ago reached a partnership contract with state-owned automaker GAC Crew to form driverless passenger drones, a journey well-known govt Hu Huazhi instructed traders on March 15 would “capitalize on” GAC’s well-established commercial chain and production capacity. The 2 firms stated they’re making plans to collectively create an meeting sequence for eVTOLs, or electrical vertical takeoff and touchdown cars, within the southern Chinese language town of Guangzhou, the place each are headquartered. In the meantime, a GAC spokesperson stated the automaker expects to boost up the advance of its personal aviation vehicles with wisdom and products and services equipped via EHang, Caixin reported on March 16. Revenues for Nasdaq-listed EHang greater than tripled year-on-year to RMB 56.6 million ($8 million) within the fourth quarter of 2023, when the corporate delivered 23 passenger drones, an important building up from simply six devices a yr prior, sending stocks up 12.9% on March 15. [EHang financial report, Caixin, in Chinese]
