EHang Announces Partnership with Globalvia to Co-Develop Urban Air Mobility in Iberian Peninsula and Latin America

EHang Holdings Limited
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Guangzhou, China, July 12, 2021 -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world's leading autonomous aerial vehicle (“AAV”) technology platform company, announced that it has entered into a strategic partnership with Globalvia, a world leader in the management of transport infrastructure concessions, on urban air mobility (“UAM”).

Both parties will promote, develop and implement the operation of AAVs to offer UAM solutions, such as passenger transportation and aerial logistics, jointly and efficiently in Iberian Peninsula and Latin America regions.

As a worldwide transport infrastructure concession management leader, Globalvia owns concession rights to operate 27 highways and railways projects servicing over 250 million users a year across seven countries including Spain, the USA, Ireland, Portugal, Mexico, Costa Rica, and Chile.

Through Openvia, Globalvia's innovative mobility solutions technological platform, both parties will cooperate in advancing flight tests and demonstrations, trainings and maintenance, regulatory certification and business development to establish a solid foundation for implementing UAM operations.

Victoria Xiang, CEO of EHang Spain & Latin America, said, “The partnership with Globalvia is another milestone for EHang. Together with Globalvia, EHang will make great efforts to bring our safe, autonomous, and eco-friendly air mobility solutions for more people to enjoy a more sustainable, intelligent, efficient, and beautiful life.”

Fernando Vallejo, Head of Innovation and Systems at Globalvia, commented, “The partnership with EHang constitutes a significant step forward and a clear commitment by Globalvia to anticipate and lead Urban Air Mobility projects contributing to innovation, sustainability, and quality of life improvement for citizens.”

About EHang

EHang (Nasdaq: EH) is the world's leading autonomous aerial vehicle (AAV) technology platform company. Our mission is to make safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility (UAM) industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.

About Globalvia

Globalvia is a worldwide infrastructure concession management leader which has been ranked in the top positions by number of concessions. The company, established in 2007 with three international funds, as its shareholders, manages 27 projects in seven different countries specialising in highways and railways. With more than 250 million users per year, Globalvia's objective is continued growthwith the support of a large team of 2,000 employees committed to providing the best service based on the highest standards. For more information, please visit www.globalvia.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

EHang Announces Partnership with Globalvia to Co-Develop Urban Air Mobility in Iberian Peninsula and Latin America