06:46 AM EDT, 08/26/2025 (MT Newswires) -- EHang ( EH ) said Tuesday that it has signed an investment cooperation agreement with the Hefei government in China to establish a hub for the Chinese passenger drone maker's VT35 series.

The VT35 series is the company's new generation of long-range, lift-and-cruise, pilotless, electric vertical takeoff and landing, or eVTOL products.

EHang ( EH ) said the parties plan to jointly invest in and establish a base for VT35 series products in Hefei, which will include R&D, testing, manufacturing, airworthiness certification, supply chain management, sales, operations, and talent development.

EHang ( EH ) said the total investment in this partnership is estimated to be 1 billion renminbi ($139.8 million). EHang ( EH ) added that the Hefei government plans to provide the company with 500 million renminbi in support, which could include eVTOL aircraft orders, investments, or other industry-wide collaborations.