Why EHang Shares Are Flying Higher Today

The EH216-S is an innovation with significant differences from conventional aircraft in critical areas, including technical architecture.

"Next year we should start to expand overseas," Hu added, as noted by CNBC.

With that, the safety, airworthiness, performance, functionality, usability and reliability of the EH216-S have been thoroughly and rigorously validated through over 500 specific test items, more than 40,000 test flights for adjustments.

The company claims it is the first in the world to get such a certificate, which allows it to fly passenger-carrying autonomous electric vertical take-off and landing (eVTOL) aircraft in China.

Hu said Ehang is still evaluating which city in China the company will launch its first air taxi passenger flight in, and declined to share a specific date, the CNBC report added. 

Price Action: EH shares are trading higher by 50% to $25.65 premarket on the last check Friday. 

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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