EHang Partners with Changan Automobile on Flying Cars to Create an Innovative Way for Personal Transportation

Core Viewpoint - EHang Holdings Limited has signed a strategic cooperation agreement with Chongqing Changan Automobile Co., Ltd. to collaborate on the development of flying car technologies, including electric vertical takeoff and landing (eVTOL) aircraft, aiming to enhance the urban air mobility (UAM) sector and explore a joint venture for future mobility ecosystem technologies [1][6][18]. Group 1: Strategic Partnership - The partnership will leverage EHang's expertise in aerial vehicles and low-altitude flight management, combined with Changan's manufacturing capabilities and market resources [1][6]. - Changan Automobile plans to invest over 20 billion yuan in the low-altitude economy sector over the next five years and more than 100 billion yuan over the next decade to develop integrated mobility solutions [4][16]. - The collaboration aims to accelerate the commercialization of flying cars and enhance EHang's eVTOL product line, targeting a broad consumer base [1][6][18]. Group 2: Market Potential and Development - The low-altitude economy in China exceeded 500 billion yuan in 2023 and is projected to reach 2 trillion yuan by 2030, with potential growth to 3.5 trillion yuan by 2035 [16]. - The Chongqing Municipal Government's Action Plan supports the development of the low-altitude economy and encourages intelligent automobile manufacturers to explore eVTOL R&D and production [7][16]. - The partnership aligns with Chongqing's strategy to become an innovative benchmark city in the low-altitude economy, addressing the challenges of its complex mountainous terrain [7][16]. Group 3: Technological Advancements - EHang is recognized as a pioneer in the UAM sector, focusing on R&D, design, mass production, and safe operation of pilotless passenger-carrying eVTOL aircraft [6][18]. - The collaboration will cover various aspects including R&D, production, market promotion, user experience, and after-sales service, integrating low-altitude economy applications [6][18]. - The EH216-S pilotless eVTOL performed a flight demonstration at the signing ceremony, showcasing the technological advancements in the sector [2][5].