- EHang Holdings Ltd EH has established a strategic partnership with Aerotree Flight Services Sdn. Bhd., a subsidiary of Malaysian aviation company AEROTREE Group. The financial terms were not disclosed.
- The companies will jointly develop urban air mobility (UAM) business, including Maintenance, Repair and Overhaul (MRO) and training in Malaysia.
- Pursuant to the arrangement, AEROTREE has placed a pre-order for EHang's electric passenger-grade AAVs in Malaysia for 50 units of the EH216 series and 10 units of the VT-30 eVTOL.
- Price Action: EH shares are trading lower by 1.31% at $12.05 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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