EHang Plans To Establish JV In Thailand - Read More For Details - EHang Holdings (NASDAQ:EH)

EHang Holdings Limited EH formed a strategic alliance with Charoen Pokphand Group Co., Ltd. to establish a joint venture in Thailand for AAV sales and urban air mobility operations. The financial terms of the arrangement were not disclosed.
The parties intend to fully leverage their respective expertise and resources in a long-term comprehensive collaboration on AAV product sales and marketing, regulatory compliance, business development, infrastructure deployment, talent cultivation for future UAM operations.
The strategic collaboration is expected to unleash UAM solutions' value-creating potential across multiple industries.
The collaboration opens up cross-sector cooperation opportunities and lays the foundation for potential use cases for EHang AAVs in various scenarios.
Price Action: EH shares are trading higher by 4.71% at $8.23 on the last check Friday.