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EHang Holdings Limited

https://www.ehang.com

Industry

Aerospace & Defense

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions. The company was incorporated in 2014 and is headquartered in Guangzhou, the People's Republic of China.

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EHang Holdings Limited (NASDAQ:EH) has entered into a strategic cooperation agreement with the Hefei Municipal Government for the joint development of a low-altitude economy ecosystem in Hefei City, Anhui Province. The Hefei Municipal Government intends to provide EHang support in the form of coordinating or facilitating purchase orders, for no less than 100 units of the EH216 series UAVs, and financing support, amounting to a total of US$100 million. EHang intends to set up its regional headquarters for Eastern China in Hefei to promote UAV production, sales, and operations and accelerate UAM adoption in the area.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:30 pm

Despite a general downward trend in U.S. stocks, several companies recorded gains. Olink Holding AB's shares rose 65.8% after Thermo Fisher Scientific announced plans to acquire the company. Wyndham Hotels & Resorts, Inc. gained 11.2% following a proposal from Choice Hotels to acquire the company for $90.00 per share. Engaged Capital has built a significant stake in V.F. Corporation, leading to a 13.4% rise in its shares. Sensient Technologies Corporation's stock jumped 6.7% after Baird upgraded the stock from Neutral to Outperform.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 3:40 pm

Several industrial stocks experienced significant movement in Friday's after-market session. Notable gainers included Sentage Hldgs (SNTG), iSun (ISUN), ATIF Holdings (ATIF), GD Culture Group (GDC), Quad/Graphics (QUAD), and Performance Shipping (PSHG). On the other hand, AERWINS Technologies (AWIN), Ultralife (ULBI), Nxu (NXU), EHang Holdings (EH), and NuScale Power (SMR) saw their shares decline.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:31 pm

During Friday's intraday session, several industrial stocks experienced significant movements. Gainers included Nxu (NASDAQ:NXU), EHang Holdings (NASDAQ:EH), Byrna Technologies (NASDAQ:BYRN), Momentus (NASDAQ:MNTS), Applied UV (NASDAQ:AUVIP), and ESGL Holdings (NASDAQ:ESGL). Losers included JanOne (NASDAQ:JAN), iSun (NASDAQ:ISUN), ShiftPixy (NASDAQ:PIXY), Hyliion Holdings (NYSE:HYLN), Virco Mfg (NASDAQ:VIRC), and Babcock & Wilcox (NYSE:BW).

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:31 pm

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Sigma Additive Solutions, Bio-Path Holdings, and Shift Technologies, while the losers included Bellerophon Therapeutics, Outset Medical, and MSP Recovery. The article also mentions several companies that reported better-than-expected earnings, such as Comtech Telecommunications and JPMorgan Chase, and others that lowered their guidance or reported worse-than-expected results, such as Belden and SMART Global Holdings.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 5:14 pm

The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

EHang Holdings (NASDAQ:EH) shares are trading higher after the company obtained a type certificate for the EH216-S passenger-carrying UAV system issued by the Civil Aviation Administration of China. The certificate simplifies the company's ability to get similar certificates for commercial operation in the U.S., Europe, and Southeast Asia. The company plans to expand overseas next year.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 1:18 pm

EHang has obtained a type certificate for its EH216-S Passenger-Carrying UAV System from the Civil Aviation Administration of China. Dollar General shares are trading higher after the company updated its financial guidance for FY23 and announced Todd Vasos as the new CEO. JD.com shares are trading lower due to rumors of an arrest of a businessman with the same surname as the company's chairman and multiple analysts downgrading the stock and lowering their price targets.

Portfolio Pulse from ryanfaloona@benzinga.com

October 13, 2023 | 12:39 pm

EHang shares resumed trading and surged 82% after the company announced it has successfully obtained a type certificate for its EH216-S passenger-carrying UAV system from the Civil Aviation Administration of China.

Portfolio Pulse from Charles Gross

October 13, 2023 | 11:08 am

Trading of EHang Holdings Limited shares is set to resume at 7:00 AM ET.

Portfolio Pulse from Charles Gross

October 13, 2023 | 10:56 am

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