Leading global autonomous aerial vehicle (AAV) company EHang has inched closer to eventual certification in China, after the country’s civil aviation authority specified the criteria the firm’s EH216-S air taxis will have to fulfill to obtain compliancy.
The step is an admittedly obtuse sounding yet critical milestone in EHang’s continuing efforts to earn certification for its air taxis in what’s expected to eventually become a booming Chinese AAV sector. Indeed, that forward movement by the Guangzhou-based company was enough for market-watchers to send its share prices surging by over 12% on the NASDAQ in response to the news. It also provided renewed lift to a stock that has suffered bouts of downward pressure amid investor concerns about business viability.
All that needed for that to happen was a three-sentence statement for EHang, its mighty heavy administrativese notwithstanding.
“EHang Holdings… the world’s leading autonomous aerial…