U.S. markets close in 6 hours 4 minutes
  • S&P 500

    3,937.41
    +37.30 (+0.96%)
     
  • Dow 30

    31,778.45
    +340.19 (+1.08%)
     
  • Nasdaq

    11,595.92
    +71.37 (+0.62%)
     
  • Russell 2000

    1,786.91
    +15.17 (+0.86%)
     
  • Crude Oil

    110.80
    +1.23 (+1.12%)
     
  • Gold

    1,822.50
    -2.30 (-0.13%)
     
  • Silver

    21.08
    -0.08 (-0.39%)
     
  • EUR/USD

    1.0541
    -0.0046 (-0.43%)
     
  • 10-Yr Bond

    3.2170
    +0.0230 (+0.72%)
     
  • GBP/USD

    1.2221
    -0.0049 (-0.40%)
     
  • USD/JPY

    136.2020
    +0.7560 (+0.56%)
     
  • BTC-USD

    21,080.88
    +235.21 (+1.13%)
     
  • CMC Crypto 200

    461.15
    +11.09 (+2.46%)
     
  • FTSE 100

    7,349.96
    +91.64 (+1.26%)
     
  • Nikkei 225

    27,049.47
    +178.20 (+0.66%)
     

EHang Plans To Establish JV In Thailand - Read More For Details

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • EHang Holdings Limited (NASDAQ: EHformed 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.

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.