EHang and Larger Bay Know-how Kind Strategic Partnership to Collectively Develop World’s First Extremely-Quick/eXtreme Quick Charging Batteries for eVTOL

GUANGZHOU, China, April 28, 2024 (GLOBE NEWSWIRE) — EHang Holdings Restricted (EHang or the Firm) (Nasdaq: EH), the world’s main City Air Mobility (UAM) expertise platform firm, introduced that it has established a strategic partnership with ultra-fast charging-focused Guangzhou Larger Bay Know-how Co., Ltd. (Larger Bay Know-how or GBT) on the sixteenth Chongqing Worldwide Battery Know-how Change Convention/Exhibition for the analysis and improvement of the world’s first Extremely-Quick Charging (UFC)/eXtreme Quick Charging (XFC) battery options for EHang’s electrical vertical takeoff and touchdown (eVTOL) plane. The partnership is to advertise the analysis and improvement in addition to industrialization of eVTOL energy system elements and modules within the UAM sector, laying an ecological basis for business operations of the low-altitude financial system.

(Image: EHang and GBT cooperate to develop the world’s first ultra-fast/eXtreme quick charging batteries for eVTOL)

Primarily based on EHang’s eVTOL plane (together with EH216-S, VT30 and others), EHang and GBT will collectively develop eVTOL energy cells, batteries, packs, charging piles and vitality storage methods that meet the airworthiness requirements of the Civil Aviation Administration of China (the CAAC) in addition to the 4H requirements (i.e. excessive vitality density, excessive cycle life, excessive instantaneous charge-discharge charge, and excessive security), thereby reaching the adaption and adoption of ultra-fast charging energy batteries in EHang’s eVTOL plane. Moreover, each events will steadily develop fast-charging piles, stations and different infrastructures to ascertain the ecology for future business operations.

Energy battery system is likely one of the core elements of plane and its efficiency determines the vary, stability, security, and operational effectivity of the plane. The UFC/XFC batteries to be collectively developed by each events for eVTOL plane will provide a full scale of benefits by way of (i) quick charging velocity, which is anticipated to solely take 5 to 10 minutes to be charged from 30% to 80%, (ii) over 200Wh/kg excessive vitality density of the battery system, and (iii) lengthy cycle lifetime of over 2,000 cycle occasions. It should additional improve EHang’s eVTOL merchandise by way of security, endurance, and operational effectivity, with a purpose to higher meet the core calls for of comfort, effectivity, and financial system for large-scale and high-frequency operations of eVTOL plane in city low-altitude mobility.

Pei Feng, President of GBT, mentioned: The battery system is the ˜base station’ within the clear vitality community, and its velocity of vitality stream impacts the effectivity of commercial innovation and consumer expertise. GBT is at the moment the one firm on the earth that has achieved mass manufacturing of constant-power high-rate energy batteries, whereas EHang is the one firm on the earth that has achieved all three certificates for its passenger-carrying pilotless eVTOL plane. The cooperation between the 2 events will discover an environment friendly operation mode for low-altitude transportation and propel additional improvement and progress within the UAM business.

Huazhi Hu, Founder, Chairman and CEO of EHang, remarked, We’re happy to affix palms with GBT, a powerful accomplice within the area of XFC batteries, and collectively create an XFC period for eVTOL plane. EHang’s EH216-S is in a important stage getting into into business operations with all the kind certificates, manufacturing certificates and commonplace airworthiness certificates issued by the CAAC. Our cooperation will promote the institution of UFC ecology for eVTOL plane, scale back the charging time of eVTOL, and strengthen the muse for low-cost, large-scale and high-efficiency business operations within the low-altitude financial system.

About Larger Bay Know-how

Larger Bay Know-how is the primary private-held high-tech personal enterprise with mixed-ownership, internally incubated by Guangzhou Car Group Co., Ltd (GAC). GBT focuses on R&D, manufacturing, and companies of eXtreme Quick Charging (XFC) battery, a brand new technology of breakthrough vitality storage and its system. It at the moment establishes three main product sequence together with ultra-fast, super-fast, and standard-fast. GAC’s AION V Plus 70 powered by GBT’s 7-Min(0~80% charging in 7.5 minutes) battery set the world document of the quickest electrical automobile charging expertise by the World Document Certification Physique (WRCA). GBT can also be lively in build up its capability in battery cells and battery pack. The primary section of the newly constructed headquarters and manufacturing base in Nansha District, Guangzhou Metropolis, was accomplished and put into operation on the finish of October 2023. Because the world’s first specialised manufacturing facility for eXtreme Quick Charing energy batteries, the entire manufacturing capability of this base shall be 8GWh/12 months.

About EHang

EHang (Nasdaq: EH) is the world’s main city air mobility (UAM) expertise platform firm. Our mission is to allow protected, autonomous, and eco-friendly air mobility accessible to everybody. EHang supplies clients in varied industries with unmanned aerial automobile (UAV) methods and options: air mobility (together with passenger transportation and logistics), good metropolis administration, and aerial media options. EHang’s EH216-S has obtained the world’s first sort certificates, manufacturing certificates and commonplace airworthiness certificates for passenger-carrying pilotless eVTOL plane issued by the Civil Aviation Administration of China. Because the forerunner of cutting-edge UAV applied sciences and business options within the international UAM business, EHang continues to discover the boundaries of the sky to make flying applied sciences profit our life in good cities. For extra info, please go to www.ehang.com.

Secure Harbor Assertion

This press launch comprises statements which will represent forward-looking statements pursuant to the protected harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology resembling will, expects, anticipates, goals, future, intends, plans, believes, estimates, prone to and related statements. Statements that aren’t historic details, together with statements about administration’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Numerous elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to these regarding certifications, our expectations concerning demand for, and market acceptance of, our merchandise and options and the commercialization of UAM companies, {our relationships} with strategic companions, and present litigation and potential litigation involving us. Administration has primarily based these forward-looking statements on its present expectations, assumptions, estimates and projections. Whereas they consider these expectations, assumptions, estimates and projections are affordable, such forward-looking statements are solely predictions and contain identified and unknown dangers and uncertainties, lots of that are past administration’s management. These statements contain dangers and uncertainties which will trigger EHang’s precise outcomes, efficiency or achievements to vary materially from any future outcomes, efficiency or achievements expressed or implied by these forward-looking statements.

Investor Contact: ir@ehang.com

Media Contact: pr@ehang.com

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