EHang Invests in Solid-State Lithium Metal Battery Company Inx for AAV Development, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
EHang Holdings Limited (NASDAQ:EH) has announced a strategic investment in Shenzhen Inx Technology Co., Ltd., a solid-state lithium metal battery technology company in China. The investment is part of a plan to cooperate with Inx on the research, development, and production of solid-state lithium metal batteries for EHang's autonomous aerial vehicle (AAV) products. The funding round was led by GL Ventures, with participation from Connected Intelligence Fund, Qilu Qianhai Fund, EHang, and Fenghe Capital.
September 20, 2023 | 11:28 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
EHang's investment in Inx could potentially enhance its AAV products through the development of solid-state lithium metal batteries. This strategic move may boost EHang's competitive edge in the AAV market.
The investment in Inx allows EHang to potentially improve its AAV products through the development of solid-state lithium metal batteries. This could enhance the performance and efficiency of EHang's AAVs, giving the company a competitive advantage in the market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100