financetom
Business
financetom
/
Business
/
EHang Holdings Receives $15.6 Million Order for 50 Pilotless Electric Aircraft
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EHang Holdings Receives $15.6 Million Order for 50 Pilotless Electric Aircraft
May 31, 2024 5:45 AM

08:02 AM EDT, 05/31/2024 (MT Newswires) -- EHang Holdings ( EH ) said Friday it received a 113 million Chinese renminbi ($15.6 million) order to sell 50 of its EH216-S pilotless electric vertical takeoff and landing aircraft to Taiyuan Xishan Ecological Tourism Investment Construction.

Xishan Tourism also assigned an agreement for an additional 450 EH216-S units over the next two years.

The aircraft will be used for tourism and transportation, a statement said.

The sale was concurrent with a memorandum of understanding between EHang ( EH ) and Xishan Tourism to cooperate on the building of low-altitude infrastructure in the Chinese City of Taiyuan, Shanxi Province,

Price: 17.12, Change: +0.46, Percent Change: +2.76

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Texas Instruments Stock Is Tumbling Today: Here's Why
Texas Instruments Stock Is Tumbling Today: Here's Why
Oct 22, 2025
Texas Instruments Incorporated ( TXN ) shares are trading lower on Wednesday after the company issued fourth-quarter earnings and revenue guidance below analyst estimates. TXN is feeling the pressure from bearish momentum. View the charts here. What Happened: Texas Instruments ( TXN ) reported third-quarter financial results after the market close on Tuesday that sent shares lower. The company beat revenue...
Update: Market Chatter: Apollo Global Management Said to Mull Sale of Heritage Grocers Group
Update: Market Chatter: Apollo Global Management Said to Mull Sale of Heritage Grocers Group
Oct 22, 2025
01:50 PM EDT, 10/22/2025 (MT Newswires) -- (Updates with response from UBS in the fourth paragraph.) Apollo Global Management ( APO ) is working with UBS (UBS) on the process for a potential sale of Heritage Grocers Group, Reuters reported Wednesday, citing two people familiar with the matter. Apollo is considering the sale of the Hispanic grocery chain as immigration...
Exclusive-US considering curbs on exports to China made with US software, sources say
Exclusive-US considering curbs on exports to China made with US software, sources say
Oct 22, 2025
(Reuters) -The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, according to a U.S. official and three people briefed by U.S. authorities. While the plan is not the only option on the table, it would make...
MTX Group Inc. Acquires VerifyID.ai to Advance AI-Powered Digital Identity Verification in the Public Sector
MTX Group Inc. Acquires VerifyID.ai to Advance AI-Powered Digital Identity Verification in the Public Sector
Oct 22, 2025
DALLAS, Oct. 22, 2025 /PRNewswire/ -- MTX Group Inc., a global technology consulting firm, announced the acquisition of VerifyID.ai, an AI-based digital identity verification platform designed for the public sector. This acquisition enhances MTX Group's artificial intelligence and cybersecurity capabilities while expanding its innovation footprint in trusted digital identity solutions. With this acquisition, MTX Group continues to expand its leadership...
Copyright 2023-2026 - www.financetom.com All Rights Reserved